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 8,800 hours. Variable costs: Indirect factory wages Power and light $26,400 18,128 Indirect materials Total variable cost 14,608 $59,136 Fixed costs: Supervisory salaries $18,220 Depreciation of plant and equipment 46,730 Insurance and property taxes 14,250 Total fixed cost 79,200 Total factory overhead cost $138,336 During October, the department operated at 9,300 standard hours, and the factory overhead costs incurred were indirect factory wages, $28,180; power and light, $18,810; indirect materials, $15,700; supervisory salaries, $18,220; depreciation of plant and equipment, $46,730; and insurance and property taxes, $14,250. Required: