A company's flexible budget for 40,000 units of production showed variable overhead costs of $44,000 and...
A company's flexible budget for 40,000 units of production showed variable overhead costs of $44,000 and fixed overhead costs of $56,000. The company incurred overhead costs of $90,080 while operating at a volume of 32,000 units. The total controllable cost variance is:
Multiple Choice
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$1,120 favorable.
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$1,120 unfavorable.
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$9,920 favorable.
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$9,920 unfavorable.
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$11,920 favorable.
Homework Answers
Total controllable cost variance
= Standard - Actual
= [(44,000/40,000)*32,000+56,000] - 90,080
= 91,200 - 90,080
= 1120 Favourable
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