The controllable variance is $770 U.Flt 13-. Factory overhead cost variance report our. 4 Tiger Equipment inc., a manufacturer of construction equipment, prepared the follow-ing factory overhead cost budget for the Welding Department for May of the currentyear. The company expected to operate the department at 100% of normal capacity of3,400 hours. 1tiariahle costs:Indirect factory wages 5303410P’DWET and light 20.]60Indirect materials 16,300Total variable cost 5 51,200Fixed costs:Supervisory salaries $20,000Depreciation of plant and equipment 35,200In surance and property taxes 15,200Total ?xed cost H.400Total factory overhead cost $133,600 During May, the department operated at 3,360 standard hours. The factory overheadcosts incurred were indirect Factory wages, $52,400; power and light, $21,000; indirect materials, $10,250; supervisory saiaries, $20,000; depreciation of plant and equipment,$56,200; and insurance and property taxes, $15,200. Instr-u ctions Prepare a factory overhead cost variance report for May. To he useful for cost control,the budgeted amounts should be based on 5,860 hours.
The controllable variance
We help you get better grades, improve your productivity and get more fun out of college!!
How it works – it’s easy
Place your Order
Submit your requirements through our small easy order form. Be sure to include and attach any relevant materials.
Make a payment
The total price of your order is based on number of pages, academic level and deadline.
We assign the assignment to the most qualified tutor. When the tutor completes the assignment, it is transferred to one of our professional editors to make sure that the assignment meets all of your requirements.
Once complete, we’ll send your assignment via the email provided on the order form.