eBook Factory Overhead Cost Variance Report Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 5,400 hours. Variable costs: Indirect factory wages Power and light Indirect materials $17,820 12,096 9,936 $39,852 Total variable cost Fixed costs: Supervisory salaries $10,310 Depreciation of plant and equipment Insurance and property taxes 26,440 8,070 Total fixed cost Total factory overhead cost 44,820 $84,672 During October, the department operated at 5,700 standard hours, and the factory overhead costs incurred were indirect factory wages, $19,000; power and light, $12,540; indirect materials, $10,700; supervisory salaries, $10,310; depreciation of plant and equipment, $26,440; and insurance and property taxes, $8,070. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 5,700 Check My Work 2 more Check My Work uses remaining. Previous eBook Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 5,700 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31 Normal capacity for the month 5,400 hrs. Actual production for the month 5,700 hrs. Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Actual Cost Budget (at Actual Production) Unfavorable Favorable Variances Variances 17,820 18,000 216 $ 180 12,096 11,880 216 9,936 10,136.84 200.84 39,852 40,016.84 Fixed factory overhead costs: Supervisory salaries- 10,310 $ 10,310 Depreciation of plant and equipment 26,440 26,440 Insurance and property taxes 8,070 8,070 Total fixed cost 44,820 44,820 Actual production for the month 5,700 hrs. Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Actual Cost Budget (at Actual Production) Unfavorable Favorable Variances Variances 17,820 18,000 216 180 12,096 11,880 216 9,936 10,136.84 200.84 39,852 40,016.84 Fixed factory overhead costs: Supervisory salaries 10,310 10,310 Depreciation of plant and equipment 26,440 26,440 Insurance and property taxes 8,070 8,070 Total fixed cost 44,820 44,820 Total factory overhead cost Total controllable variances Net controllable variance-unfavorable Volume variance-favorable: Excess hours used over normal at the standard rate for fixed factory overhead. Total factory overhead cost variance-favorable Check My Work 2 more Check My Work uses remaining. 16,484 2,358 2.522.84 Previous Email Instructor Save and Exit Submit Assignment for Grading