xls
Casual Comfort
Textiles Corporation began January with a budget for 30,000 hours of
production in the
Weaving Department. The department has a full capacity of 40,000
hours under normal
business conditions. The budgeted overhead at the planned volumes
at the beginning of January was
as follows:
Variable
overhead $124,500
Fixed
overhead 62,000
Total $186,500
The actual factory overhead was $178,900 for
January. The actual fixed factory over-
head was as
budgeted. During January, the Weaving Department had standard hours at
actual production volume of 31,000
hours.
And Answer these Questions
on the excel sheet
a. Determine the variable factory overhead controllable
variance.
b. Determine the fixed factory overhead volume variance.