Factory Overhead Cost Variances Blumen Textiles Corporation began April with a budget...
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Accounting
Factory Overhead Cost Variances
Blumen Textiles Corporation began April with a budget for hours of production in the Weaving Department. The department has a full capacity of hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of April was as follows:
Variable overhead $
Fixed overhead
Total $
The actual factory overhead was $ for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of hours. Determine the variable factory overhead controllable variance and the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required.
a Variable factory overhead controllable variance: $fill in the blank
b Fixed factory overhead volume variance: $fill in the blank
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