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Factory Overhead Cost Variance Report Feeling Better Modical inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly
Factory Overhead Cost Variance Report Feeling Better Modical 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 normol capacity of 7,200 hours. During October, the department operated at 7,600 skandard hours, and the roctacy owechead costs incurred mere incirgct factory wages, 226,100 ; power and light. $16,490; indirect materials, \$14,800; supervisory saiaries, $12,920; depreciation of plast and equioment, $33,130: and ins4rance sed property taxes, 510,210 . Prepare a factory overhead cost variance report for Octobec. To be useful for cost control, the budgeted amounts should be based on 7, 600 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorabie 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: Total foctory overhead cost Total controliable variances Volume variance.favorable: Frcess hours used over normal at the sandard rate for fived factocy overhead
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