Factory Overhead Cost Variance = Standard Overhead - Actual Overheads Standard Overhead = Standard Variable Overhead + Standard Fixed Overhead Standard Overhead = ($3.35 * 18,900) + ($1.80 * 18,900) Standard Overhead $97,335.00 Factory Overhead Cost Variance = $97,335 - $101,450 Factory Overhead Cost Variance -$4,115.00 Fixed Factory Overhead Volume Variance = Budgeted Overhead on standard hours - Fixed Overhead charged to production Fixed Factory Overhead Volume Variance = ($1.80 * 18,900 hours) - $46,000 Fixed Factory Overhead Volume Variance -$11,980.00 Variable Factory Overhead Controllable Variance = Budgeted allowance on standard hours - Actual Overhead Variable Factory Overhead Controllable Variance = ($3.35 * 18,900) - ($101,450 - $46,000) Variable Factory Overhead Controllable Variance $7,865.00