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Productive capacity for the month: hours
Actual productive capacity used for the month: hours
Budget
(at actual
production) Actual Favorable Unfavorable Alternative Computation of Overhead Variances:
Variable factory overhead costs:
Indirect factory labor
Power and light Actual costs Applied costs
Indirect materials Balance
Total
Fixed factory overhead costs:
Supervisory salaries
Depreciation of plant and equip. Actual Factory Applied Factory
Insurance and property taxes Overhead Overhead
Total Variable cost
Total factory overhead cost Fixed cost
Total controllable variances Total
Net controllable variance⎯(favorable) unfavorable
Idle Hours
Volume variance⎯(fav.) unfav. Controllable Volume
Total factory overhead cost variance⎯(favorable) unfavorable Variance Variance
Total Factory
Overhead
Cost Variance
Supporting calculation:
Variable factory overhead rate:
Budgeted total variable cost
Budgeted hours
Variable factory overhead rate
Fixed factory overhead rate:
Total fixed costs
Productive capacity hours
Fixed factory overhead rate
Total
Actual hours
Applied costs
Factory Overhead
Budgeted Factory Overhead
for Amount Produced
Fixed Factory OH Rate
TANNIN PRODUCTS INC.
Factory Overhead Cost Variance Report⎯Trim Department
For the Month Ended July 31, 2014
Variances
Exercise 22(7)-19
Name:
Section:
Score:
Key Code:
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Instructions
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An asterisk (*) will appear to the right of an incorrect entry.
Enter a zero in cells you would otherwise leave blank.
Productive capacity for the month: 25,000 hours
Budget
(at actual
production) Actual Favorable Unfavorable Alternative Computation of Overhead Variances:
Variable factory overhead costs:
TANNIN PRODUCTS INC.
Factory Overhead Cost Variance Report⎯Trim Department
For the Month Ended July 31, 2014
Variances
Exercise 22(7)-19
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
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