Factory Overhead Coat Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year during which is expected to use 13,000 hours for production Variable overhead costs: Indirect factory labor $39,000 Power and light 9,360 Indirect materials 18,200 Total variable overhead cost 566,560 Fixed overhead costs: Supervisor salaries $19,420 Depreciation of plant and equipment 13,010 Insurance and property taxes 24.270 Total Fixed overhead COM 86,700 Total factory overhead COM $153,260 Tannin rasvoilable 17,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During y, the Tom Department actually wed 12,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows Actual variable factory overhead costs Indirect factory labor $35,100 Power and light 8,480 Indirect materials 17,600 Total variable cost $61,180 Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable varience 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 blank. Round your interim computations to the nearest cent, if required. COCODESTY Your inter computacions are concureur Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Productive Capacity for the month 17,000 hrs. Actual productive capacity used for the month 12.000 hes Budget Unfavorable (Favorable) Actual Cost (at Actual Production) Variances Variances Variable factory overhead costs: Indirect factory labor Power and light Indirect materials Total variable factory overhead cost Pued factory overhead costs Supervisory states Depreciation of plant and equipment Insurance and property taxes Totale factory overhead cost Total factory overhead out Total controller 00000 00000 Volunte variance were Idle hours at the standard rate for feed factory overhead dood Check My Work