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accoounting 210 Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it
accoounting 210 Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 9,000 hours for prodiction: Tannin has available 13,000 hours of monthly productive capacity in the Trim Department under normal butiness conditions. During July, the Trim Department actually used 8,000 heurs for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead costs: Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount box does not require an entry, leave it biank, Round your interim computations to the nearest cent, if required. Indirect materials Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances Net controllable variance-favorable Volume variance-unfavorable: Idie hours at the standard rate for fixed factory overhead Iotal factory overhead cost variance-tinfaworable
accoounting 210
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