eBook Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 30,000 units of product are as follows: Actual: Variable factory overhead $186,700 Fixed factory overhead 133,300 Standard: 46,000 hrs. at $7 (54.10 for variable factory overhead) 322,000 Productive capacity at 100% of normal was 45,000 hours, and the factory overhead cost budgeted at the level of 46,000 standard hours was $320,100. Based on these data, the chief cost accountint prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $186,700 Budgeted variable factory overhead for 46,000 hours 188,600 Variance-favorable $(1,900) Fixed factory overhead volume variance: Normal productive capacity at 100% 45,000 hrs. Standard for amount produced 46,000 Productive capacity not used 1,000 hrs. Standard variable factory overhead rate x 57 Variance--unfavorable 7,000 Total factory overhead cost variance-unfavorable $5,100 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number, Round your interim computations to the nearest cent, If required. Variance Amount Favorable/Unfavorable Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance