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 $28,160 17,160 14,520 Indirect materials Total variable cost $59,840 Fixed costs: Supervisory salaries $16,190 Depreciation of plant and equipment 41,540 Insurance and property taxes 12,670 Total fixed cost 70,400 Total factory overhead cost $130,240 During October, the department operated at 9,300 standard hours, and the factory overhead costs incurred were indirect factory wages, $30,060; power and light, $17,810; indirect materials, $15,700; supervisory salaries, $16,190; depreciation of plant and equipment, $41,540; and insurance and property taxes, $12,670. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 9,300 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. Feglina Rattar Medical Inc For the Month Ended October 31 Normal capacity for the month 8,800 hrs. Actual production for the month 9,300 hrs. Actual Cost Budget (at Actual Production) Unfavorable Favorable Variances Variances Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost TUT 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 Volume variance-favorable: Excess hours used over normal at the standard rate for fixed factory overhead