takeAssignment takeAssignmentMandoriokersaved take ssignmentSession cator ass me
ID: 2544042 • Letter: T
Question
takeAssignment takeAssignmentMandoriokersaved take ssignmentSession cator ass ment take e progress tor Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 10,000 computers: Actual: Variable factory overhead Fixed factory overhead 14,000 hrs. at $25 $262,000 90,000 350,000 Standard: If productive capacity of 100% $356,000, determine the variable factory cost variance. The fixed factory overhead rate was $6.00 per hour. Enter unfavorable variance as a positive number. was 15,000 hours and the total factory overhead cost budgeted at the level of 14,000 standard hours was overhead controilable variance, fixed factory overhead volume variance, and total factory overhead a favorable variance as a negative number using a minus sign and an Variance Amount Favorable/Unfavorable Controllable variance Volume variance Total factory overhead cost variance Favorable Unfavorable Unfavorable Check My Work The variable factory overhead controllable variance is the difference between the actual variable overhead costs and the budgeted variable overhead tor actual production. The food factory overhead voume variance is the dimerence between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual units produced :37 PM , 3/15/2018Explanation / Answer
Budgeted Overheads: $ 356,000 Standard overheads allowed for actual output (14000 hours @$25): $350,000 Actual Overheads incurred (262000+90000): $352,000 Overheads controllable variance: Budgeted overheads - Actual overheads 356000-352000 = $ 4,000 Favorable Overheads Volume Variance: Standard overhead for actual output - Budgeted overheads $ 350,000 - $ 356,000 = $ 6,000 unfavorable Overheads cost variance: Standard overheads allowed- Actual Overheads $ 350,000 - $ 352000 = $ 2,000 unfavorable Overehads controllable variance $4,000 Fav Overheads volume variance $6,000 Unfav Overheads cost variance $2,000 Unfav
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.