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 10,000 hours for production: Variable overhead cost: Indirect factory labor $31,000 Power and light 7,700 Indirect materials 13,000 Total variable overhead cost $ 51,700 Fixed overhead cost: Supervisory salaries $43,090 Depreciation of plant and equipment 11,340 Insurance and property taxes 21,170 Total fixed overhead cost 75,600 Total factory overhead cost $127,300 Tannin has available 14,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 9,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost: $27,200 Indirect factory labor Power and light 6,810 Indirect materials 12,300 Total variable cost $46,310 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