uIns WIo NOR-gray Backgrounds are protected and cannot be edited An asterisk (') will appear to the right of an incorrect entry Enter a zero in cels you would otherwise leave blank. a. Controllable variance: Actual variable factory overhead Standard variable factory overhead at actual production: Standard hours at actual production Variable factory overhead rate Standard variable factory overhead Controlable variance- favorable b. Volume variance: Volume at 100% of normal capacity Less standard hours Idle capacity Fixed overhead rate Volume varianco- unfavorable Total factory overhead cost varianceunfavorable Alternative Computation of Overhead Variances: Factory Overhead Applied costs Actual costs Balance Actual Factory Overhead Budgeted Factory Overhead for Amount Produced Applied Factory Overheacd Variable cost Fixed cost Total Controllable Varianco Volume Variance Total Factory Overheacd Cost Variance LX 23-18 Factory overhead cost variances Blumen in the Weaving Department. The department has a full capacity of 100,000 hours under OBJ. 4 Textiles Corporation began April with a budget for 90,000 hours of production normal business conditions. The budge ning of April was as follows: ted overhead at the planned volumes at the begin- Variable overhead Fixed overhead Total $540,000 240,000 $780,000 The actual factory overhead was $782,000 for April. The actual fixed factory overhead was as budgeted. During April, the Weaving Department had standard hours at actual production volume of 92,500 hours. a. Determine the variable factory overhead controllable variance. b. Determine the fixed factory overhead volume variance