Question

The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of...

The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of actual production are as follows:

Standard Costs
Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.78 per hour
Variable overhead 3 hours per unit @ $1.91 per hour

Actual Costs
    Total variable cost, $17,800
    Total fixed cost, $8,100

The variable factory overhead controllable variance is

a.$1,756 favorable

b.$1,756 unfavorable

c.$1,405 favorable

d.$0

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Answer #1

Option B

1. variable factory overhead controllable variance

variable factory overhead controllable variance = Actual OH - Budgeted OH based on standard hours

variable factory overhead controllable variance = $17800 - Units Produced * Standard Hours * $ per hour

variable factory overhead controllable variance = $17800 - 2800 * 3 * $1.91

variable factory overhead controllable variance = $17800 - $16044

variable factory overhead controllable variance = $1756 Unfavourable

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