Question: Factory Overhead Controllable Variance Tip Top Corp. produced 2,500 units of product that required 6 standard hours per unit. The standard variable overhead cost per

Factory Overhead Controllable Variance

Tip Top Corp. produced 2,500 units of product that required 6 standard hours per unit. The standard variable overhead cost per unit is $2.4 per hour. The actual variable factory overhead was $36,830. Determine the variable factory overhead controllable variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $

Factory Overhead Volume Variance

Tip Top Corp. produced 3,500 units of product that required 1.5 standard hours per unit. The standard fixed overhead cost per unit is $0.73 per hour at 5,750 hours, which is 100% of normal capacity. Determine the fixed factory overhead volume variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. $

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