Factory Overhead Cost Variances The following data relate to factory overhead...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers; Actual: Variable factory overhead $163,000 Fixed factory overhead 65,000 Standard: 7,000 hrs. at $30 210,000 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $234,000, determine the variable factory overhead controllable variance, Mixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was 56 per hour, Enter a favorable variance as a negative number using a minus wign and an unfavorable variance as a positive number. Variance Amount Favorable/Unfavorable Variable factory overhead controllable variance Fixed factory overhead volume variance Total factory overhead cost variante
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
