Question

Factory Overhead Cost Variances

The following data relate to factory overhead cost for the production of 7,000 computers:

Actual: | Variable factory overhead | $98,500 |

Fixed factory overhead | 38,500 | |

Standard: | 7,000 hrs. at $18 | 126,000 |

If productive capacity of 100% was 11,000 hours and the factory overhead cost budgeted at the level of 7,000 standard hours was $140,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $3.5 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 |

Controllable variance | $ | Favorable |

Volume variance | $ | Unfavorable |

Total factory overhead cost variance: | $ | Unfavorable |

Answer #1

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 7,000 computers:
Actual:
Variable factory overhead
$297,100
Fixed factory overhead
68,750
Standard:
7,000 hrs. at $50
350,000
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 $375,000, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 4,000 computers:
Actual:
Variable factory overhead
$116,400
Fixed factory overhead
30,000
Standard:
4,000 hrs. at $35
140,000
If productive capacity of 100% was 6,000 hours and the factory
overhead cost budgeted at the level of 4,000 standard hours was
$150,000, determine the variable factory overhead Controllable
Variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate was...

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 3,000 computers:
Actual:
Variable factory overhead
$122,200
Fixed factory overhead
35,000
Standard:
3,000 hrs. at $49
147,000
If productive capacity of 100% was 5,000 hours and the total
factory overhead cost budgeted at the level of 3,000 standard hours
was $161,000, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 4,000 computers:
Actual:
Variable factory overhead
$65,000
Fixed factory overhead
25,500
Standard:
4,000 hrs. at $21
84,000
If productive capacity of 100% was 6,000 hours and the total
factory overhead cost budgeted at the level of 4,000 standard hours
was $92,500, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

actory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 4,000 computers:
Actual:
Variable factory overhead
$90,200
Fixed factory overhead
34,500
Standard:
4,000 hrs. at $29
116,000
If productive capacity of 100% was 6,000 hours and the total
factory overhead cost budgeted at the level of 4,000 standard hours
was $127,500, determine the variable factory overhead Controllable
Variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 8,000 computers:
Actual:
Variable factory overhead
$190,100
Fixed factory overhead
45,500
Standard:
8,000 hrs. at $28
224,000
If productive capacity of 100% was 13,000 hours and the factory
overhead cost budgeted at the level of 8,000 standard hours was
$241,500, determine the variable factory overhead Controllable
Variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate was...

Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 5,000 computers:
Actual:
Variable factory overhead
$104,300
Fixed factory overhead
28,000
Standard:
5,000 hrs. at $25
125,000
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 $135,500, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

actory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 5,000 computers:
Actual:
Variable factory overhead
$97,000
Fixed factory overhead
32,000
Standard:
5,000 hrs. at $24
120,000
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 $132,000, determine the variable factory overhead Controllable
Variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate...

Accounting thx!
Factory Overhead Cost Variances
The following data relate to factory overhead cost for the
production of 3,000 computers:
Actual:
Variable factory overhead
$112,000
Fixed factory overhead
27,500
Standard:
3,000 hrs. at $44
132,000
If productive capacity of 100% was 5,000 hours and the total
factory overhead cost budgeted at the level of 3,000 standard hours
was $143,000, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory...

The following data relate to factory overhead cost for the
production of 8,000 computers:
Actual:
Variable factory overhead
$223,100
Fixed factory overhead
94,250
Standard:
8,000 hrs. at $36
288,000
If productive capacity of 100% was 13,000 hours and the total
factory overhead cost budgeted at the level of 8,000 standard hours
was $324,250, determine the variable factory overhead controllable
variance, fixed factory overhead volume variance, and total factory
overhead cost variance. The fixed factory overhead rate was $7.25
per hour....

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