Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overh...
The data related to Shunda Enterprises Inc.’s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead $263,300 Fixed factory overhead 188,800 Standard: 76,000 hrs. at $6 ($3.50 for variable factory overhead) 456,000 Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $453,300. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory...
Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 14,000 hours for production: Variable overhead costs: Indirect factory labor $47,600 Power and light 10,360 Indirect materials 15,400 Total variable overhead cost $73,360 Fixed overhead costs: Supervisory salaries $56,430 Depreciation of plant and equipment 14,850 Insurance and property taxes 27,720 Total fixed overhead cost 99,000 Total factory overhead cost...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 4,000 computers: Variable factory overhead $105,700 Actual: Fixed factory overhead 40,500 4,000 hrs. at $34 Standard: 136,000 If productive capacity of 100 % was 6,000 hours and the factory overhead cost budgeted at the level of 4,000 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...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers: Actual: Variable factory overhead $64,700 Fixed factory overhead 18,750 Standard: 3,000 hrs. at $26 78,000 If productive capacity of 100% was 5,000 hours and the factory overhead cost budgeted at the level of 3,000 standard hours was $85,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $181,600 Fixed factory overhead 57,750 Standard: 7,000 hrs. at $32 224,000 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $245,000, urs and the total factory overhead cost budgeted at the level of 7,000 standard hours was $245,000, determine the variable factory overhead controllable...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $166,800 Fixed factory overhead 45,500 Standard: 8,000 hrs. at $25 200,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $217,500, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers: Actual: Variable factory overhead $198,600 Fixed factory overhead 63,250 245,000 Standard: 7,000 hrs. at $35 If productive capacity of 100% was 11,000 hours and the total factory overhead cost budgeted at the level of 7,000 standard hours was $268,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 8,000 computers: Actual: Variable factory overhead $124,200 Fixed factory overhead 52,000 Standard: 8,000 hrs. at $20 160,000 If productive capacity of 100% was 13,000 hours and the total factory overhead cost budgeted at the level of 8,000 standard hours was $180,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 3,000 computers: Actual: Variable factory overhead $97,500 Fixed factory overhead 27,500 Standard: 3,000 hrs. at $39 117,000 If productive capacity of 100% was 5,000 hours and the total factory overhead cost budgeted at the level of 3,000 standard hours was $128,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...
Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 5,000 computers: Actual: Variable factory overhead $107,900 Fixed factory overhead 30,000 Standard: 130,000 5,000 hrs. at $26 If productive capacity of 100% was 8,000 hours and the total factory overhead cost budgeted at the level of 5,000 standard hours was $141,250, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate...