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Normal capacity for the month: hours
Actual production for the month: hours
Budget
(at actual
production) Actual Favorable Unfavorable Alternative Computation of Overhead Variances:
Variable costs:
Indirect factory wages
Power and light Actual costs Applied costs
Indirect materials Balance
Total variable cost
Fixed costs:
Supervisory salaries
Depreciation of plant and equip. Actual Factory Applied Factory
Insurance and property taxes Overhead Overhead
Total fixed cost Variable cost
Total factory overhead cost Fixed cost
Total controllable variances Total
Net controllable variance⎯(favorable) unfavorable
Fixed Factory OH Rate
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
Key Code:
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Instructions
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Problem 22(7)-4B
Name:
Section:
Score:
FEELING BETTER MEDICAL, INC.
Factory Overhead Cost Variance Report⎯Assembly Department
For the Month Ended October 31, 2014
Variances
Idle (Excess) Hours
Factory Overhead
Budgeted Factory Overhead
for Amount Produced
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Enter a zero in cells you would otherwise leave blank.
Normal capacity for the month: 30,000 hours
Budget
(at actual
production) Actual Favorable Unfavorable Alternative Computation of Overhead Variances:
Variable costs:
Indirect factory wages 235,125$ 234,000$ 1,125$ -$
Power and light 179,550 178,500 1,050 - Actual costs 703,100 692,550 Applied costs
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Instructions
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ON
Problem 22(7)-4B
Name:
Solution
Section:
FEELING BETTER MEDICAL, INC.
Factory Overhead Cost Variance Report⎯Assembly Department
For the Month Ended October 31, 2014
Variances
Factory Overhead
