Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 36,000 hours of...
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 36,000 hours of production in the Weaving Department. The department has a full capacity of 48,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $75,600 Fixed overhead 52,800 Total $128,400 The actual factory overhead was $129,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 37,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. a. Determine the variable factory overhead controllable variance. $ b. Determine the fixed factory overhead volume variance. $
Homework Answers
| Blumen Textiles corporation | |||
| Overhead controllable variance | |||
| Total Actual Variable OH ( 129900 - 52800 ) | 77100 | ||
| Flexible Budget OH | |||
| Variable OH ( 75600 / 36000 ) * 37000 | 77700 | ||
| VOH controllable variance | -600 | ( fav.) | |
| Fixed OH applied | |||
| Predetermined OH rate ( 52800 / 36000 ) | 1.467 | ||
| Standard Direct labour hours | 37000 | ||
| Fixed Overhead Applied | 54267 | ||
| Volume variance | |||
| Total FOH applied | 54267 | ||
| Total Budgeted FOH | 52800 | ||
| Fixed oH volume variance | -1467 | ( fav.) | |
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Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 36,000 hours of...
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 37,000 hours of production in...
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 37,000 hours of production in the Weaving Department. The department has a full capacity of 49,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $99,900 Fixed overhead 68,600 Total $168,500 The actual factory overhead was $170,500 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard...
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 23,000 hours of...
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Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 26,000 hours of...
Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 26,000 hours of production in the Weaving Department. The department has a full capacity of 35,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $80,600 Fixed overhead 56,000 Total $136,600 The actual factory overhead was $138,200 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard...
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Blumen Textiles Corporation began April with a budget for 37,000 hours of production in the Weaving Department. The depa...
Blumen Textiles Corporation began April with a budget for 37,000 hours of production in the Weaving Department. The department has a full capacity of 49,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $118,400 Fixed overhead 83,300 Total $201,700 The actual factory overhead was $204,100 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production...
Blumen Textiles Corporation began April with a budget for 47,000 hours of production in the Weaving...
Blumen Textiles Corporation began April with a budget for 47,000 hours of production in the Weaving Department. The department has a full capacity of 63,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $122,200 Fixed overhead 88,200 Total $210,400 The actual factory overhead was $212,900 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production...
Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 46,000 hours of...
Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 46,000 hours of production in the Weaving Department. The department has a full capacity of 61,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $115,000 Fixed overhead 79,300 Total $194,300 The actual factory overhead was $196,600 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standard...
Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 60,000 hours of...
Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 60,000 hours of production in the Weaving Department. The department has a full capacity of 75,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $450,000 Fixed overhead 262,500 Total $712,500 The actual factory overhead was $725,000 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standard...
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Factory Overhead Cost Variances Thomas Textiles Corporation began November with a budget for 21,000 hours of production in the Weaving Department. The department has a full capacity of 28,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows: Variable overhead $37,800 Fixed overhead 25,200 Total $63,000 The actual factory overhead was $63,800 for November. The actual fixed factory overhead was as budgeted. During November, the Weaving Department had standard...
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Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 26,000 hours of production in the Weaving Department. The department has a full capacity of 35,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: Variable overhead $80,600 Fixed overhead 56,000 Total $136,600 The actual factory overhead was $138,200 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard...
22- HW Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget for 22,000 hours of production in the Weaving Department. The department has a full capacity of 29,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows: $59,400 Variable overhead Fixed overhead 40,600 $100,000 Total The actual factory overhead was $101,200 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department...
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