factory overhead cost variances
The following data relate to factory overhead cost for the production of 10,000 computers:
|
Actual:
|
Variable factory overhead
|
$262,000
|
|
Fixed factory overhead
|
90,000
|
|
Standard:
|
14,000 hrs. at $25
|
350,000
|
If productive capacity of 100% was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was $356,000,
determine the variable factory overhead controllable variance,
fixed factory overhead volume variance,
and total factory overhead cost variance. The fixed factory overhead rate was $6.00 per hour.