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Factory Overhead Cost Variance Report. Feeling Better Medical Inci, a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly
Factory Overhead Cost Variance Report. Feeling Better Medical Inci, 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 8,200 hours. During October, the department operated at 8,700 standard hours, and the factory everthead costs incurred were indirect factory wages, s29,000; power and light, \$18,370; indirect materiais, $15,500; supervisory salaries, \$16,220; depreclation of plant and equipment, \$41,610; and insurance and property taxes, $12.690. Required! Prepare a factory overhead cost variance report for October, To be useful for cost control, the budgeted ameunts should be based en 1 , 700 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positwe number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave blars. Feeling Better Medical Inc
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