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 7,100 hours. $10 36.00 11250 62,00 Indirect factory was 123.430 Power and 23.10 Indirectes 11.08 Total able cost 54802 Posts SD Depreciation of plant and Insurance and rely Toled cost Total actory.com During October, the department operated at 7,500 standard hours, and the factory overhead costs incurred were Indirect factory wages, $25,000; power and light, $14,440; indirect materials, $11,900; supervisory salaries, $14,370; depreciation of plant and equipment, $36,860; and insurance and property taxes, $11,250. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 7.500 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 Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31 Norma capacity for the month 2.100 Actualto for the month 2.00 Buget Actual (nt Actual informe favorable Cost Production) Variances Variances Vartable actory overhead Inde factory Indirect materiale Tortlable Find factory over Superman 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