Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 5,000 computers: Variable factory overhead Fixed factory overhead 5,000 hrs. at $31 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $173,750, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6.25 per hour. Enter a favorable variance as a negative number using a minus sign and ar unfavorable variance as a positive number. Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Actual: Standard: $120,000 50,000 155,000 Amount X X Favorable/Unfavorable

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 5,000 computers: Variable factory overhead Fixed factory overhead 5,000 hrs. at $31 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $173,750, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6.25 per hour. Enter a favorable variance as a negative number using a minus sign and ar unfavorable variance as a positive number. Variance Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variance Actual: Standard: $120,000 50,000 155,000 Amount X X Favorable/Unfavorable

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Description: Subject : Acounting Factory Overhead Cost VariancesThe following data relate to factory overhead cost for the production of 5,000 computers:Variable factory overheadFixed factory overhead5,000 hrs. at $31If productive capacity of 100% was 8,000 hours

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 15E: Factory overhead cost variances The following data relate to factory overhead cost for the...

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