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 14,000 hours for production: Variable overhead costs: Indirect factory labor $46,200 Power and light 10,500 Indirect materials 18,200 Total variable overhead cost $74,900 Fixed overhead costs: Supervisory salaries $62,590 16,470 Depreciation of plant and equipment Insurance and property taxes 30,740 Total fixed overhead cost 109,800 Total factory overhead cost $184,700 Tannin has available 18,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 13,000 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 $41,830 Power and light 9,570 Indirect materials 17,700 Total variable cost $69,100 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. Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Productive capacity for the month 18,000 hrs. Actual productive capacity used for the month 13,000 hrs. Actual Cost Budget (at Actual Production) Unfavorable Variances (Favorable) Variances Variable factory overhead costs: Indirect factory labor Power and light Indirect materials Total variable factory overhead cost $ Fixed factory overhead costs: ud di Qub) 0001 Supervisory salaries $ Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances o Volume variance-unfavorable: Idle hours at the standard rate for fixed factory overhead