The following data relate to factory overhead costs for the production of 3,000 computers. |Actual:...
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Accounting
The following data relate to factory overhead costs for the production of 3,000 computers.
|Actual: |
|Variable factory overhead |$81,500
|Fixed factory overhead |35,000
|Standard: |
|3,000 hrs, at $35|105,000
If the productive capacity of 100% was 5,000 hours and the factory overhead cost budgeted at the level of 3,000 standard hours was $119,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $7 per hour.
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