Reference no: EM131793630

Question - The following data relate to labor cost for production of 12,000 computers:

Actual: variable factory overhead $650,000

Fixed factory overhead 78,000

Standard: 32,000 hours at $21 672,000

If productive capacity of 100% was 50,000 hours and the factory overhead cost budgeted at the level of 32,000 standard hours was $700,080, determine the variable factory overhead controllable variance, fixed factory overhead volume, and total factory overhead cost variance. The fixed factory overhead rate was $1.56 per hour.