akeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false C S C Pause eBook Calculator Printem Factory Overhead Cost Variance Report 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 10,000 hours for production: Variable overhead costs: Indirect factory labor Power and light Indirect materials $27,000 7,500 13,000 $ 47,500 Total variable overhead cost Fixed overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $43,090 11,340 21,170 Total fixed overhead cost 75,600 Total factory overhead cost $123.100 Tannin has available 14,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 9,000 hours for production. The actual foxed costs were as budgeted. The actual variable overhead for July was as follows: $23,690 Actual variable factory overhead costs: Indirect factory labor Power and light Indirect materials 6,630 12,300 Total variable cost $42.620 Construct a factory overhead cost variance report for the Trim Department for July. Enter all amounts as positive numbers. If an amount box does not require an entry, Check My Work eBook Calculator Print Item Construct a factory overhead cost variance report for the Trim Department for July. Enter all amounts as positive numbers. If an amount box does not require an en leave it blank. Round your interim computations to the nearest cent, if required. Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Productive capacity for the month 14,000 hrs. Actual productive capacity used for the month 9,000 hrs. Budget (at actual production) Actual favorable Variances Unfavorable Variances Variable factory overhead costs: Indirect factory labor Power and light Indirect materials Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fed factory overhead cost Total factory overhead cost Total controllable variances Net controllable variance-favorable Volume variance-unfavorable Idie hours at the standard rate for fed factory overhead Total factory overhead cost variance unfavorable Check My Work