The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead Fixed factory overhead Standard: 8,000 hrs. at $28.00 V 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 $244,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable/Unfavorable. Variance Controllable variance Volume variance. $186,200 52,000 224,000 Total factory overhead cost variance Amount
The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead Fixed factory overhead Standard: 8,000 hrs. at $28.00 V 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 $244,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Favorable/Unfavorable. Variance Controllable variance Volume variance. $186,200 52,000 224,000 Total factory overhead cost variance Amount
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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![Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 8,000 computers:
Actual: Variable factory overhead
$186,200
Fixed factory overhead
52,000
224,000
Standard: 8,000 hrs. at $28.00
2
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 $244,000, determine the variable
factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per
hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Favorable/Unfavorable
Variance
Controllable variance
Volume variance
Total factory overhead cost variance
$
Amount](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F89653541-cbab-44fb-b8e0-b38ae94a31ac%2F73392929-4140-48b0-9e03-c1ab15165c46%2Fcpe7f4s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 8,000 computers:
Actual: Variable factory overhead
$186,200
Fixed factory overhead
52,000
224,000
Standard: 8,000 hrs. at $28.00
2
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 $244,000, determine the variable
factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $4.00 per
hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
Favorable/Unfavorable
Variance
Controllable variance
Volume variance
Total factory overhead cost variance
$
Amount
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