Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $271,600   Fixed factory overhead 65,000 Standard: 8,000 hrs. at $40 320,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $345,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance $ Favorable  Fixed factory overhead volume variance   Unfavorable  Total factory overhead cost variance $ Unfavorable

Fixed factory overhead 95,200 Standard: 46,000 hrs. at $5.00 ($2.90 for variable factory overhead) 230,000 Productive capacity at 100% of normal was 45,000 hours, and the factory overhead cost budgeted at the level of 46,000 standard hours was $228,600. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $132,100 Budgeted variable factory overhead for 46,000 hours 133,400 Variance-favorable $(1,300) Fixed factory overhead volume variance: Normal productive capacity at 100% 45,000 hrs. Standard for amount produced 46,000 Productive capacity not used 1,000 hrs. Standard variable factory overhead rate x $5.00 Variance-unfavorable 5,000 Total factory overhead cost variance-unfavorable $3,700 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a…

Factory Overhead Volume Variance Bellingham Company produced 4,200 units of product that required 1.5 standard direct labor hours per unit. The standard fixed overhead cost per unit is $2.25 per direct labor hour at 6,700 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $fill in the blank 1

Factory Overhead Volume Variance Dvorak Company produced 1,900 units of product that required 3 standard hours per unit. The standard fixed overhead cost per unit is $2.50 per hour at 6,000 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $