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Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 28,000 hours of production in the Weaving Department. The department has a full capacity of 37,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead Fixed overhead Total The actual factory overhead was $144,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 29,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. $84,000 59,200 $143,200 a. Determine the variable factory overhead controllable variance. Favorable b. Determine the fixed factory overhead volume variance. Unfavorable

Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 28,000 hours of production in the Weaving Department. The department has a full capacity of 37,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead Fixed overhead Total The actual factory overhead was $144,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 29,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. $84,000 59,200 $143,200 a. Determine the variable factory overhead controllable variance. Favorable b. Determine the fixed factory overhead volume variance. Unfavorable

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 16E: Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the...
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Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 28,000 hours of production in the Weaving Department. The department has a full capacity of 37,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead Fixed overhead Total $84,000 59,200 $143,200 The actual factory overhead was $144,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 29,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Determine the variable factory overhead controllable variance. Favorable b. Determine the fixed factory overhead volume variance. Unfavorable
Transcribed Image Text:Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 28,000 hours of production in the Weaving Department. The department has a full capacity of 37,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead Fixed overhead Total $84,000 59,200 $143,200 The actual factory overhead was $144,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 29,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Determine the variable factory overhead controllable variance. Favorable b. Determine the fixed factory overhead volume variance. Unfavorable
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