Factory Overhead Cost Variances The following data relate to factory overhead cost for the production...
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Accounting
Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 5,000 computers:
| Actual: | Variable factory overhead | $183,100 |
| Fixed factory overhead | 50,000 | |
| Standard: | 5,000 hrs. at $44 | 220,000 |
If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $238,750, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $6.25 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 |
| Variable factory overhead controllable variance | $ | |
| Fixed factory overhead volume variance | ||
| Total factory overhead cost variance | $ |
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