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Chrome File Edit View History Bookmarks People Window Help 4)) 21%)D, Sun 12:18 PM CengageNOWv2 I Online teaching and learning resource from Cengage Learning ? v2.cengagenow.com/irn/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take;&inprogress-false; 1. EX.22-01.ALGO 2. EX.22-02.ALGO 3. EX.22-06 ALGO Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 7,000 computers Actua Variable factory overhead Fixed factory overhead 7,000 hrs. at $39 $220,700 71,500 273,000 4. EX.22-10.ALGO Standard productive capacity of 100% was 11,000 hours and the factory overhead cost budgeted at the level of 7,000 standard hours was $299,000 determine the variable factory overhead Controllable Variance, fixed factory overhead volume variance, and total factory overhead cost variance The fixed factory overhead rate was $6.5 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Variance Controllable variance 5. EX.22-13 6. EX.22-15 ALGO 7. EX.22-19 Amount Favorable/Unfavorable 8. EX.22-23 Volume variance 9. PR.22-01AALGO Total factory overhead cost variance Check My Work Previous Next Progress: 6/9 items Assignment Score: 0.0% Email Instructor Save and Exit Submit Assignment for Grading

Explanation / Answer

Variable Overhead Controllable Variance Actual Variable Overhead 220700 Standard Variable Overhread (39-6.5)*7000 227500 Variable Overhead Controllable Variance -6800 Fix Overhead Volume Variance Productive Capacity 11000 Hours Less: Standard for amount produced 7000 Hours Idle Capacity 4000 Hours Fixed Overhead Rate 6.5 per hour Fix Overhead Volume Variance 26000 Total Factory Overhead Variance 19200

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