Medical Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for March 2012, during which it expected to use 10,000 hours for production:

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

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

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Variable overhead cost: Indirect factory labor $29,000 Power and light 7,500 Indirect materials 13,000 $ 49,500 Total variable cost Fixed overhead cost: $34,100 Supervisory salaries Depreciation of plant and equipment 24,800 Insurance and property taxes 22,100 Total fixed cost 81,000 $130,500 Total factory overhead cost Actual variable factory overhead cost: Indirect factory labor Power and light Indirect materials Total variable cost $31,100 8,100 15,000 $54,200