Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. factory overhead cost variances the following data

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production...

90.2K

Verified Solution

Question

Accounting

image
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $184,800 62,500 228,000 Fixed factory overhead Standard: 6,000 hrs. at $38 If productive capacity of 100% was 10,000 hours and the factory overhead cost budgeted at the level of 6,000 standard hours was $253,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance fixed factory overhead rate was $6.25 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance a positive number Variance Controllable variance Volume variance Total factory overhead cost variance Amount Favorable/Unfavorable Favorable Unfavorable Unfavorable

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students