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Factory overhead cost variances The following data relate to factory overhead cost for the production of 15,000 computers: Actual: Variable factory overhead $240,000 Fixed factory overhead 160,000 Standard: 19,500 hrs. at $20 390,000 If productive capacity of 100% was 20,000 hours and the total factory overhead cost budgeted at the level of 19,500 standard hours was $394,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $8.00 per hour.

BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094
BuyFind

Accounting

27th Edition
WARREN + 5 others
Publisher: Cengage Learning,
ISBN: 9781337272094

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Chapter
Section
Chapter 23, Problem 23.17EX
Textbook Problem

Factory overhead cost variances

 The following data relate to factory overhead cost for the production of 15,000 computers:

Actual: Variable factory overhead $240,000
  Fixed factory overhead 160,000
Standard: 19,500 hrs. at $20 390,000

 If productive capacity of 100% was 20,000 hours and the total factory overhead cost budgeted at the level of 19,500 standard hours was $394,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $8.00 per hour.

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Chapter 23 Solutions

Accounting
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