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 7,500 hours. Variable costs: Indirect factory wages Power and light Indirect materials $22,500 16,950 14,700 $54,150 Total variable cost Fixed costs: Supervisory salaries $14,840 Depreciation of plant and equipment 38,060 Insurance and property taxes 11,600 Total fixed cost Total factory overhead cost 64,500 $118,650 During October, the department operated at 8,000 standard hours, and the factory overhead costs incurred were indirect factory wages, $24,240; power and light, $17,750; indirect materials, $16,000; supervisory salaries, $14,840; depreciation of plant and equipment, $38,060; and insurance and property taxes, $11,600. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,000 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 7,500 hrs. Actual.nroduction for the month 8.000 hes