The data related to Acclaim Sporting Goods Company's factory overhead cost for the production of 50,000 units of product are as follows:

Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $456,000. Based on these data, the chief cost accountant prepared the following variance analysis:

Identify the errors in the factory overhead cost varianceanalysis.

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Variable factory overhead Fixed factory overhead 76,000 hrs. at $6.00 ($3.60 for variable factory overhead) Actual: $269,000 180,000 Standard: 456,000