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 18,000 hours for production: Variable overhead costs: Indirect factory labor Power and light $57,600 13,680 Indirect materials 25,200 Total variable overhead cost $96,480 Fixed overhead costs: Supervisory salaries $68,970 Depreciation of plant and equipment Insurance and property taxes 18,150 33,880 Total fixed overhead cost 121,000 $217,480 Total factory overhead cost Tannin has available 22,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 17,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead costs: Indirect factory labor Power and light Indirect materials Total variable cost $53,040 12,690 25,000 $90,730 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.