The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2
for fixed factory overhead) based on 100% capacity of 30,000 direct labor hours. the standard cost and
the actual cost of factory overhead for the production of 5,000 units during may were as follows:
standard: 25,000 hours at $10 $250,000
actual: variable factory overhead 202,500
fixed factory overhead 60,000

what is the amount of the factory overhead controllable variance?
a. $10,000 favorable
b. $2,500 unfavorable
c. $10,000 unfavorable
d. $2,500 favorable

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)