Question: Problem 9 Factory Overhead Variance Darwin Corp. has the following data for the year 2030: Normal capacity- 100,000 Fixed factory overhead- 80,000 Estimated variable factory

Problem 9 Factory Overhead Variance Darwin Corp. has the following data for the year 2030:

Normal capacity- 100,000

Fixed factory overhead- 80,000

Estimated variable factory overhead per unit- 2

Actual Units Produced- 98,000

Total actual factory overhead- 265,000

Required:

1. How much is the applied factory overhead?

2. How much is the over or under-applied factory overhead?

3. How much is the spending variance?

4. How much is the idle capacity variance?

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