Question

Variable Factory Overhead Controllable Variance = Actual Variable Factory Overhead – Budgeted Variable Factory Overhead Group...

Variable Factory Overhead Controllable Variance = Actual Variable Factory Overhead – Budgeted Variable Factory Overhead

Group of answer choices

A) True

B) False

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The difference between the actual variable factory overhead costs and the budgeted variable overhead for actual...
The difference between the actual variable factory overhead costs and the budgeted variable overhead for actual production is termed variable factory overhead controllable variance. True False
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead...
Direct Materials, Direct Labor, and Reports budgeted and actual costs for variable and fixed factory overhead along with the related controllable and volume variances.Factory Overhead Cost Variance Analysis Mackinaw Inc. processes a base chemical into plastic. A detailed estimate of what a product should cost.Standard costs and actual costs for direct materials, direct labor, and factory overhead incurred for the manufacture of 6,800 units of product were as follows: Standard Costs Actual Costs Direct materials 8,800 lb. at $4.90 8,700...
The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable...
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....
The following data relate to factory overhead cost for the production of 15,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 15,000 computers: Actual: Variable factory overhead $240,000 Fixed factory overhead 160,000 Standard: 19,500 hrs. at $20 390,000 If productive capacity of 100% was 20,000 hours and the total factory overhead cost budgeted at the level of 19,500 standard hours was $394,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $8.00 per hour....
The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable...
The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $141,900 Fixed factory overhead 46,000 Standard: 5,000 hrs. at $35 175,000 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 $192,250, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and totalfactory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter...
Factory Overhead Controllable Variance Bellingham Company produced 3,700 units of product that required 1.5 standard hours...
Factory Overhead Controllable Variance Bellingham Company produced 3,700 units of product that required 1.5 standard hours per unit. The standard variable overhead cost per unit is $5.00 per hour. The actual variable factory overhead was $28,420. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $  
Factory Overhead Controllable Variance Bellingham Company produced 4,300 units of product that required 8.5 standard hours...
Factory Overhead Controllable Variance Bellingham Company produced 4,300 units of product that required 8.5 standard hours per unit. The standard variable overhead cost per unit is $6.00 per hour. The actual variable factory overhead was $210,970. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $ Favorable
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 20,000 units of product are as follows: Actual: Variable factory overhead $121,800 Fixed factory overhead 86,900 Standard: 30,000 hrs. at $7 ($4.10 for variable factory overhead) 210,000 Productive capacity at 100% of normal was 29,000 hours, and the factory overhead cost budgeted at the level of 30,000 standard hours was $208,700. Based on these data, the chief cost accountant prepared the following...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 40,000 units of product are as follows: Actual: Variable factory overhead $247,600 Fixed factory overhead 176,800 Standard: 61,000 hrs. at $7 ($4.10 for variable factory overhead) 427,000 Productive capacity at 100% of normal was 60,200 hours, and the factory overhead cost budgeted at the level of 61,000 standard hours was $424,400. Based on these data, the chief cost accountant prepared the following...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the...
Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 20,000 units of product are as follows: Actual: Variable factory overhead $68,300 Fixed factory overhead 49,700 Standard: 30,000 hrs. at $4 ($2.30 for variable factory overhead) 120,000 Productive capacity at 100% of normal was 28,900 hours, and the factory overhead cost budgeted at the level of 30,000 standard hours was $119,300. Based on these data, the chief cost accountant prepared the following...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT