Factory Overhead Cost Variance Report Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 9,000 hours for production: Line Item Description Amount Amount Variable overhead costs: Indirect factory labor $22,500 Power and light 6,930 Indirect materials 10,800 Total variable overhead cost $40,230 Fixed overhead costs: Supervisory salaries $40,760 Depreciation of plant and equipment 10,730 Insurance and property taxes 20,010 Total fixed overhead cost 71,500 Total factory overhead cost $111,730 Tannin has available 13,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 8,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead costs: Line Item Description Amount Indirect factory labor $19,500 Power and light 6,050 Indirect materials 10,100 Total variable cost $35,650 Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount box does not require an entry, leave it blank. Round your interim computations to the nearest cent, if required. Productive capacity for the month 13,000 hrs. Actual productive capacity used for the month 8,000 hrs. Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Line Item Description Actual Cost Budget (at Actual Production) Unfavorable Variances Favorable Variances Variable factory overhead costs: Indirect factory labor $Indirect factory labor $Indirect factory labor $Indirect factory labor $Indirect factory labor Power and light Power and light Power and light Power and light Power and light Indirect materials Indirect materials Indirect materials Indirect materials Indirect materials Total variable factory overhead cost $Total variable factory overhead cost $Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries $Supervisory salaries $Supervisory salaries Depreciation of plant and equipment Depreciation of plant and equipment Depreciation of plant and equipment Insurance and property taxes Insurance and property taxes Insurance and property taxes Total fixed factory overhead cost $Total fixed factory overhead cost $Total fixed factory overhead cost Total factory overhead cost $Total factory overhead cost $Total factory overhead cost Total controllable variances $Total controllable variances $Total controllable variances blank blank $- Select - blank Volume variance-unfavorable: Idle hours at the standard rate for fixed factory overhead blank blank Idle hours at the standard rate for fixed factory overhead blank blank blank $- Select - blank