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 100% of nemal of 8.000 hours Indirect actory wages $26.490 Power and light 18,779 Indirect materials 16 109 Total variable cost bed costs Supervisory salaries 516,790 Depreciation of plant and equipment 43,060 Insurance and property 13,130 Totale cost 72.00 Total factory overhead cost $136,48 During October, the department operated at 9.400 standard hours, and the factory overhead costs incurred were indirect factory wages, 530.00 petang. $19,480, indirect materials, 117,400; persoalaries, $16,790, depreciation of plant and equipment. $43,060: and insurance and property tax, 513,130 Required: Prepare a factory overhead covariance report for October, to be con control the budgemonts should be on 9.400 wewe native number gamblance as a positive number Round your per il computations to the recent, if required. If an amount entry leave Feeling the Medicaline Factory Overhead Can Variance Report Aby Department For the Month Ended October Normal capacity for the months A production for them.400 Budget Unformatie over de Artual Cat Act Variances Variences Cout Production) be based on 9,400 hours. Enter a favorable 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 8,900 hrs. Actual production for the month 9,400 hrs. Budget Actual (at Actual Unfavorable Favorable Production) Variances Cost Variances Variable factory overhead costs: Indirect factory wages XS 30.080 Power and light Indirect materials Total variable cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost 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 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 8.900 hours Variable costs: Indirect factory wages $28.480 Power and light 18,779 Indirect materials 16,109 Total variable cost $63,368 Fixed costs: Supervisory salaries $16,790 Depreciation of plant and equipment 43,060 Insurance and property taxes 13,130 Total fixed cost 22,980 Total factory overhead cost $136,40 During October, the department operated at 9.400 standard hours, and the factory overhead costs incurred were indirect factory was $30,380: power and light, $19,480, indirect materials, 517.400; supervisory salaries, 516,790; depreciation of plant and equipment, 543,060 and insurance and property taxes, 513,130 Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 9,400 hours. Enter a favorable variance as a negative number using a mus 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 8,900
