Overhead Cost Variances Ex 23.17 Accounting 24e Warren

timer Asked: Jul 16th, 2013

Question description


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.

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