Factory Overhead Ost Variances Thomas Textiles Corporation began November with a budget for 39,000 hours...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Factory Overhead Ost Variances Thomas Textiles Corporation began November with a budget for 39,000 hours of production in the weaving Department. The department has a full capaty of 52,000 hours under normal business conditions. The budgeted overhead at the planned volumes at the beginning of November was as follows Variable overhead $109.200 Fixed overhead 78,000 Total 3187,200 The actual factory overhead was $249 400 for November. The actual Boxed factory overhead was au budgeted. During November, the Weaving Department had standard hours of actual production volume of 41,000 hours Determine the variable factory overhead controlable vanance and the fixed factory overhead volume variance Enter favorable variance as a negative number on and all unfavorable vanance as a positive number. Round your interim computations to the nearest cent, if required a. Variable factory overhead controllable variance Favorable b. Poved factory overhead volume variance Unfavorable
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
