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Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 6,000 computers:
Actual:
Variable factory overhead
$234,300
Fixed factory overhead
67,500
Standard:
6,000 hrs. at $47.00
282,000
If productive capacity of 100% was 10,000 hours and the factory overhead cost budgeted at the level of 6,000 standard hours was $309,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6.75 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
Controllable variance
$
Select Favorable Unfavorable Item 2
Volume variance
Select Favorable Unfavorable Item 4
Total factory overhead cost variance:
Select Favorable Unfavorable Item 6
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