Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. solve question b and provide work-notes. factory

SOLVE QUESTION B AND PROVIDE WORK-NOTES. Factory Overhead Cost Variances Perma Weave Textiles Corporation...

80.2K

Verified Solution

Question

Accounting

SOLVE QUESTION B AND PROVIDE WORK-NOTES.

Factory Overhead Cost Variances

Perma Weave Textiles Corporation began January with a budget for 41,000 hours of production in the Weaving Department. The department has a full capacity of 55,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of January was as follows:

Variable overhead $110,700
Fixed overhead 77,000
Total $187,700

The actual factory overhead was $190,000 for January. The actual fixed factory overhead was as budgeted. During January, the Weaving Department had standard hours at actual production volume of 43,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.

a. Determine the variable factory overhead controllable variance. $ -3,100 Favorable

b. Determine the fixed factory overhead volume variance. $ ? 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

Basic Math
1.2K views

Restaurants often slip takeout menus under Tim s apartment door So far Tim has collected...

Finance
1.2K views

Your firm is contemplating the purchase of a new $721,500 computer-based order entry system. The system...

Finance
1.2K views

Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a...

Operations Management
1.2K views

The world's leading typewriter manufacturers in the 1970s included Olivetti, Underwood, IBM, Olympia, Remington, Smith Corona, and...

Accounting
1.2K views

Froya Fabrikker A/S of Bergen, Norway, is a small company that manufactures specialty heavy equipment for...

Geometry
1.2K views

the system of linear equations ora y and z We get Number y Number z...

Basic Math
1.2K views

2 A homeowner has 80 feet of fencing materials to enclose a rectangular region What...

Calculus
1.2K views

19 Perform the indicated operation leave the answers in the rectangular form a bi 2...

Accounting
1.2K views

Cone Corporation is in the process of preparing...

Accounting
1.2K views

Can you determine the missing for each letter please. Thanks Show all...

Accounting
1.2K views

Administrative Expenses What is the total amount of Selling and Administrative expenses for the fourth...

Accounting
1.2K views

Which of the following statements about accrual basis accounting is correct? If a company uses...