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Determine variable factory overhead controllable variance

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Question - Factory Overhead Cost Variances

The following data relate to factory overhead cost for the production of 5,000 computers:

Actual: Variable factory overhead $97,000
  Fixed factory overhead 40,000
Standard: 5,000 hrs. at $25.00 125,000

If productive capacity of 100% was 8,000 hours and the factory overhead cost budgeted at the level of 5,000 standard hours was $140,000, determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.00 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Reference no: EM131734513

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