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Business
AccountingSurvey of Accounting (Accounting I)8th Edition

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Chapter 13, Problem 13.27E
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883

Solutions

Chapter
Section
Problem 1SEQ
Problem 2SEQ
Problem 3SEQ
Problem 4SEQ
Problem 5SEQ
Problem 1CDQ
Problem 2CDQ
Problem 3CDQ
Problem 4CDQ
Problem 5CDQ
Problem 6CDQ
Problem 7CDQ
Problem 8CDQ
Problem 9CDQ
Problem 10CDQ
Problem 11CDQ
Problem 12CDQ
Problem 13CDQ
Problem 14CDQ
Problem 15CDQ
Problem 16CDQ
Problem 17CDQ
Problem 18CDQ
Problem 19CDQ
Problem 20CDQ
Problem 21CDQ
Problem 22CDQ
Problem 23CDQ
Problem 24CDQ
Problem 25CDQ
Problem 26CDQ
Problem 13.1E
Problem 13.2E
Problem 13.3E
Problem 13.4E
Problem 13.5E
Problem 13.6E
Problem 13.7E
Problem 13.8E
Problem 13.9E
Problem 13.10E
Problem 13.11E
Problem 13.12E
Problem 13.13E
Problem 13.14E
Problem 13.15E
Problem 13.16E
Problem 13.17E
Problem 13.18E
Problem 13.19E
Problem 13.20E
Problem 13.21E
Problem 13.22E
Problem 13.23E
Problem 13.24E
Problem 13.25E
Problem 13.26E
Problem 13.27E
Problem 13.28E
Problem 13.29E
Problem 13.30E
Problem 13.1.1P
Problem 13.1.2P
Problem 13.1.3P
Problem 13.1.4P
Problem 13.2.1P
Problem 13.2.2P
Problem 13.2.3P
Problem 13.2.4P
Problem 13.2.5P
Problem 13.2.6P
Problem 13.2.7P
Problem 13.2.8P
Problem 13.3.1P
Problem 13.3.2P
Problem 13.4P
Problem 13.5P
Problem 13.6.1P
Problem 13.6.2P
Problem 13.6.3P
Problem 13.6.4P
Problem 13.6.5P
Problem 13.6.6P
Problem 13.7P
Problem 13.1.1MBA
Problem 13.1.2MBA
Problem 13.1.3MBA
Problem 13.1.4MBA
Problem 13.1.5MBA
Problem 13.1.6MBA
Problem 13.2.1MBA
Problem 13.2.2MBA
Problem 13.2.3MBA
Problem 13.2.4MBA
Problem 13.2.5MBA
Problem 13.3.1MBA
Problem 13.3.2MBA
Problem 13.3.3MBA
Problem 13.3.4MBA
Problem 13.4.1MBA
Problem 13.4.2MBA
Problem 13.4.3MBA
Problem 13.4.4MBA
Problem 13.5.1MBA
Problem 13.5.2MBA
Problem 13.5.3MBA
Problem 13.5.4MBA
Problem 13.6.1MBA
Problem 13.6.2MBA
Problem 13.6.3MBA
Problem 13.7.1MBA
Problem 13.7.2MBA
Problem 13.7.3MBA
Problem 13.1C
Problem 13.2.1C
Problem 13.2.2C
Problem 13.3.1C
Problem 13.3.2C
Problem 13.4C
Problem 13.5.1C
Problem 13.5.2C
Problem 13.6C
Problem 13.7C
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Survey of Accounting (Accounting I)

8th Edition
Carl Warren
ISBN: 9781305961883
Textbook Problem

Factory overhead cost variances
The following data relate to factory overhead cost for the production of 8,000 computers:

If productive capacity of 100% was 10,000 hours and the factory overhead cost budgeted at the level of 8,000 standard hours was $284,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $18 per hour.

To determine

Concept Introduction:

The variable factory overhead controlled variance is difference between the budgeted and actual variable factory overhead.

The fixed factory overhead volume variance is the difference between the standard fixed factory overhead at actual production and at 100% of normal capacity.

The variable and fixed factory overhead controlled variance is that variance which does not change with change in volume.

The variable factory overhead controlled variance, fixed factory overhead volume variance, and total factory overhead cost variance.

Explanation

In the given case following data is given:

Actual variable factory overhead cost is $2,250

Actual fixed factory overhead cost is $180,000

Budgeted factory overhead is $248,000

Standard hours for 100% of normal capacity is 10,000 hours

Standard hours for actual production is 8,000 hours

Factory overhead rate is $31

Fixed factory overhead rate is $18

So, calculation of variable overhead rate is as follows:

  Variable factory overhead rate = Factory overhead rate − Fixed factory overhead rate=$31−$18=$13

Now, calculation of budgeted variable factory overhead is as follows:

  Budgted Variable factory overhead=Standard hours for actual units produced−Variable factory overhead rate=$8,000 hours−$13=$104,000

Therefore, calculation of variable factory overhead controlled variance is as follows:

  Variable fa

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Ch-13 P-1SEQCh-13 P-2SEQCh-13 P-3SEQCh-13 P-4SEQCh-13 P-5SEQCh-13 P-1CDQCh-13 P-2CDQCh-13 P-3CDQCh-13 P-4CDQCh-13 P-5CDQ
Ch-13 P-6CDQCh-13 P-7CDQCh-13 P-8CDQCh-13 P-9CDQCh-13 P-10CDQCh-13 P-11CDQCh-13 P-12CDQCh-13 P-13CDQCh-13 P-14CDQCh-13 P-15CDQCh-13 P-16CDQCh-13 P-17CDQCh-13 P-18CDQCh-13 P-19CDQCh-13 P-20CDQCh-13 P-21CDQCh-13 P-22CDQCh-13 P-23CDQCh-13 P-24CDQCh-13 P-25CDQCh-13 P-26CDQCh-13 P-13.1ECh-13 P-13.2ECh-13 P-13.3ECh-13 P-13.4ECh-13 P-13.5ECh-13 P-13.6ECh-13 P-13.7ECh-13 P-13.8ECh-13 P-13.9ECh-13 P-13.10ECh-13 P-13.11ECh-13 P-13.12ECh-13 P-13.13ECh-13 P-13.14ECh-13 P-13.15ECh-13 P-13.16ECh-13 P-13.17ECh-13 P-13.18ECh-13 P-13.19ECh-13 P-13.20ECh-13 P-13.21ECh-13 P-13.22ECh-13 P-13.23ECh-13 P-13.24ECh-13 P-13.25ECh-13 P-13.26ECh-13 P-13.27ECh-13 P-13.28ECh-13 P-13.29ECh-13 P-13.30ECh-13 P-13.1.1PCh-13 P-13.1.2PCh-13 P-13.1.3PCh-13 P-13.1.4PCh-13 P-13.2.1PCh-13 P-13.2.2PCh-13 P-13.2.3PCh-13 P-13.2.4PCh-13 P-13.2.5PCh-13 P-13.2.6PCh-13 P-13.2.7PCh-13 P-13.2.8PCh-13 P-13.3.1PCh-13 P-13.3.2PCh-13 P-13.4PCh-13 P-13.5PCh-13 P-13.6.1PCh-13 P-13.6.2PCh-13 P-13.6.3PCh-13 P-13.6.4PCh-13 P-13.6.5PCh-13 P-13.6.6PCh-13 P-13.7PCh-13 P-13.1.1MBACh-13 P-13.1.2MBACh-13 P-13.1.3MBACh-13 P-13.1.4MBACh-13 P-13.1.5MBACh-13 P-13.1.6MBACh-13 P-13.2.1MBACh-13 P-13.2.2MBACh-13 P-13.2.3MBACh-13 P-13.2.4MBACh-13 P-13.2.5MBACh-13 P-13.3.1MBACh-13 P-13.3.2MBACh-13 P-13.3.3MBACh-13 P-13.3.4MBACh-13 P-13.4.1MBACh-13 P-13.4.2MBACh-13 P-13.4.3MBACh-13 P-13.4.4MBACh-13 P-13.5.1MBACh-13 P-13.5.2MBACh-13 P-13.5.3MBACh-13 P-13.5.4MBACh-13 P-13.6.1MBACh-13 P-13.6.2MBACh-13 P-13.6.3MBACh-13 P-13.7.1MBACh-13 P-13.7.2MBACh-13 P-13.7.3MBACh-13 P-13.1CCh-13 P-13.2.1CCh-13 P-13.2.2CCh-13 P-13.3.1CCh-13 P-13.3.2CCh-13 P-13.4CCh-13 P-13.5.1CCh-13 P-13.5.2CCh-13 P-13.6CCh-13 P-13.7C

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