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Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Amount Favorable/Unfavorable

Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Amount Favorable/Unfavorable

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead Fixed factory overhead $234,300 57,500 276,000 Standard: 6,000 hrs. at $46 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $299,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Amount Favorable/Unfavorable
Transcribed Image Text:Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead Fixed factory overhead $234,300 57,500 276,000 Standard: 6,000 hrs. at $46 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $299,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Amount Favorable/Unfavorable
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