Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of…

Factory Overhead Cost Variances The following data relate to factory overhead cost for the production of 6,000 computers: Actual: Variable factory overhead $170,200 Fixed factory overhead 57,500 Standard: 6,000 hrs. at $35 210,000 If productive capacity of 100% was 10,000 hours and the total factory overhead cost budgeted at the level of 6,000 standard hours was $233,000, determine the variable factory overhead controllable variance, fixed factory overhead volume variance, and total factory overhead cost variance. The fixed factory overhead rate was $5.75 per hour. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Variance Favorable/Unfavorable Amount Favorable 5,300 X Variable factory overhead controllable variance Unfavorable 23,000 Fixed factory overhead volume variance 17,700 Unfavorable Total factory overhead cost variance Direct Materials and Direct Labor Variances At the beginning of June, Kimber Toy Company budgeted 18,000 toy action figures to be manufactured in June at standard direct materials and direct labor costs as follows: Direct materials $32,400 Direct labor 8,100 $40,500 Total The standard materials price is $0.60 per pound. The standard direct labor rate is $9.00 per hour. At the end of June, the actual direct materials and direct labor costs were as follows: Actual direct materials $29,100 Actual direct labor 7,300 $36,400 Total There were no direct materials price or direct labor rate variances for June. In addition, assume no changes in the direct materials inventory balances in June. Kimber Toy Company actually produced 15,700 units during June. Determine the direct materials quantity and direct labor time variances. Round your per unit computations to two decimal places, if required. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct materials quantity variance $ Direct labor time variance $