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 8,400 hours. Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost $25,200 19,320 15,960 $60,480 Fixed costs: Supervisory salaries $14,880 Depreciation of plant and equipment Insurance and property taxes Total fixed cost 38,160 11,640 64,680 Total factory overhead cost $125,160 During October, the department operated at 8,900 standard hours, and the factory overhead costs incurred were indirect factory wages, $26,970; power and light, $20,100; indirect materials, $17,200; supervisory salaries, $14,880; depreciation of plant and equipment, $38,160; and insurance and property taxes, $11,640. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,900 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