Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers

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Factory Overhead Cost Variances The Following Data Relate To Factory Overhead Cost For The Production Of 7 000 Computers 1 (24.44 KiB) Viewed 68 times

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $297,100 Fixed factory overhead 79,750 Standard: 7,000 hrs. at $51 357,000 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $386,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7.25 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 Favorable Controllable variance Unfavorable Volume variance Unfavorable Total factory overhead cost variance