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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

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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 6,600 hours. Variable costs: Indirect factory wages $21,120 Power and light 13,002 Indirect materials 11,022 $45,144 Total variable cost Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $11,540 29,590 9,030 Total fixed cost 50,160 Total factory overhead cost $95,304 During October, the department operated at 7,000 standard hours, and the factory overhead costs incurred were indirect factory wages, $22,620; power and light, $13,540; indirect materials, $11,900; supervisory salaries, $11,540; depreciation of plant and equipment, $29,590; and insurance and property taxes, 89,030. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control the budgeted amounts should be based on 7.000 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. repare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 7,000 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not requ an entry, leave it blank. Unfavorable Variances Favorable Variances Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31 Normal capacity for the month 6,600 hrs. Actual production for the month 7,000 hrs. Budget Actual (at Actual Cost Production) Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Fored factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total foxed cost Total factory overhead cost Total controllable variances Volume variance-favorable: Excess hours used over normal at the standard rate for fixed factory overhead in

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