Chapter 21 Homework value 10.00 points Fogel Co. expects to produce 116,000 unit

Question

Chapter 21 Homework value 10.00 points Fogel Co. expects to produce 116,000 units for the year. The company's flexible budget for 116,000 units of production shows variable overhead costs of $162,400 and fixed overhead costs of $124,000. For the year company incurred actual overhead costs of $262,800 while producing 110,000 units Compute the controllable overhead variance. -Flexible Budget- VariableTotal Fixed Flexible Budget at Amount per 116,000 units 110,000 units Cost Fixed costs ariable cost Total flexible budget Controllable Overhead Variance Total actual overhead cost Total flexible budget amount Controllable overhead variance References Book& Resources Expanded table Difficulty 2 Medium Check my work

Explanation / Answer

Compute controllable variance :

Flexible budget Flexible budget at Variable amount per unit Total fixed cost 116000 unit 110000 unit Fixed cost 124000 124000 124000 Variable cost 1.4 162400 154000 Total Flexible budget 286400 278000 Overhead controllable variance Total actual overhead 262800 Total flexible budget amount 278000 Controllable overhead variance 15200 Favourable

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