Scientific Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for August 2010, during which it expected to use 10,000 hours for production:

Scientific Molded Products has available 15,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During August, the Trim Department actually used 11,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for August was as follows:

Construct a factory overhead cost variance report for the Trim Department forAugust.

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Variable overhead cost: Indirect factory labor Power and light $24,000 4,000 12,000 Indirect materials $ 40,000 Total variable cost Fixed overhead cost Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $30,000 23,400 21,600 Total fixed cost 75,000 $115,000 Total factory overhead cost