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The Standard Factory Overhead Rate Is $7

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The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows: The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead)  based on 100% capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows:   What is the amount of the factory overhead controllable variance? A)  $12,000 unfavorable B)  $12,000 favorable C)  $14,000 unfavorable D)  $26,000 unfavorable What is the amount of the factory overhead controllable variance?


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Quantity

The amount or number of a product or service that is available for use or sale.

Technological Advance

Innovations and improvements in technology that increase production efficiency or introduce new goods and services.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded, leading to market stability.

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