Unfavorable variance as a positive amount

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Reference no: EM13915669

Perma Weave Textiles Corporation began May 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 May was as follows:

Variable overhead	$52,500
Fixed overhead	36,400
Total	$88,900

The actual factory overhead was $90,000 for May. The actual fixed factory overhead was as budgeted. During May, the Weaving Department had standard hours at actual production volume of 22,000 hours.

a. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

$______ Favorable or Unfavorable?

b. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

$______ Favorable or Unfavorable?

Reference no: EM13915669

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