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 16,000 hours for production: Variable overhead costs: Indirect factory labor $49,600 Power and light 12,160 19,200 Indirect materials Total variable overhead cost $ 80,960 Fixed overhead costs: Supervisory salaries $62,700 16,500 Depreciation of plant and equipment Insurance and property taxes 30,800 Total fixed overhead cost 110,000 Total factory overhead cost $190,960 Tannin has available 20,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 15,000 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 $45,340 Power and light 11 190 Actual variable factory overhead costs: Indirect factory labor $45,340 Power and light 11,190 Indirect materials 18,900 Total variable cost $75,430 Construct a factory overhead cost variance report for the Trim Department for July. Enter all amounts as positive numbers. 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 20,000 hrs. Actual productive capacity used for the month 15,000 hrs. Budget (at actual Actual Favorable production) Variances Variable factory overhead costs: Indirect factory labor Unfavorable Variances Power and light Indirect materials Accounting numeric field $ Total variable factory overhead cost Fixed factory overhead costs: Actual productive capacity used for the month 15,000 hrs. Budget (at actual production) Actual Favorable Variances Unfavorable Variances Variable factory overhead costs: Indirect factory labor Power and light Indirect materials Total variable factory overhead cost Fixed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed factory overhead cost Total factory overhead cost Total controllable variances Idle hours at the standard rate for fixed factory overhead