Factory Overhead Cost Variances
The following data relate to factory overhead cost for the production of 3,000 computers:
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Actual:
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Variable factory overhead
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$117,100
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Fixed factory overhead
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28,750
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Standard:
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3,000 hrs. at $46
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138,000
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If productive capacity of 100% was 5,000 hours and the factory overhead cost budgeted at the level of 3,000 standard hours was $149,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
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Variance
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Amount
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Controllable variance
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$________
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Volume variance
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$________
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Total factory overhead cost variance:
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$________
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