Controllable overhead variance Fogel Co. expects to produce 103,000 units for th

Question

Controllable overhead variance Fogel Co. expects to produce 103,000 units for the year. The company’s flexible budget for 103,000 units of production shows variable overhead costs of $144,200 and fixed overhead costs of $124,000. For the year, the company incurred actual overhead costs of $257,800 while producing 97,000 units. Compute the controllable overhead variance. (Round cost per unit to 2 decimal places.)

QS 23-13 Controllable overhead variance LO P3 Fogel Co. expects to produce 103,000 units for the year. The company's flexible budget for 103,000 units of production shows variable overhead costs of $144,200 and fixed overhead costs of $124,000. For the year, the company incurred actual overhead costs of $257,800 while producing 97,000 units Compute the controllable overhead variance. (Round cost per unit to 2 decimal places.) Flexible Budget- Flexible Budget at …… Variable Amount per Unit Total Fixed Cost otal Fixed 103,000 units 97,000 units Variable cost Fixed costs Total flexible budget Controllable Overhead Variance Total actual overhead cost Total flexible budget amount Controllable overhead variance avorable

Explanation / Answer

$1.4

($144200 / 103000)

FLEXIBLE BUDGET FLEXIBLE BUDGET AT VARIABLE COST PER UNIT TOTAL FIXED COST 103000 UNITS 97000 UNITS VARIABLE COST

$1.4

($144200 / 103000)

$124000 $144200 $135800 FIXED COST N/A N/A $124000 $124000 TOTAL FLEXIBLE BUDGET $268200 $259800

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