1. Factory Overhead Controllable Variance
Bellingham Company
produced 5,400 units of product that required 5.5 standard direct
labor hours per unit. The standard variable overhead cost per unit
is $6.00 per direct labor hour. The actual variable factory
overhead was $170,360. 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.
2. Factory Overhead Volume Variance
Bellingham Company
produced 5,100 units of product that required 1.5 standard direct
labor hours per unit. The standard fixed overhead cost per unit is
$2.20 per direct labor hour at 7,050 hours, which is 100% of normal
capacity. Determine the fixed factory overhead volume variance.
Enter a favorable variance as a negative number using a minus sign
and an unfavorable variance as a positive number.
Variable factory overhead controllable variance = Standard voh cost - Actual voh cost = (5400*5.5*6) - 170360 = 178200 - 170360 = 7840 favorable, |
|
Fixed factory overhead volume variance = (Budgeted output - Actual output) * FOAR = (7050/1.5 - 5100) * (1.5*2.20) = 1320 Favourable |
1. Factory Overhead Controllable Variance Bellingham Company produced 5,400 units of product that required 5.5 standard...
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