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: $25,200 6,930 10,800 $ 42,930 Variable overhead costs: Indirect factory labor Power and light Indirect materials Total variable overhead cost Fixed overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed overhead cost $44,460 11,700 21,840 78,000 $120.930 Total factory overhead cost 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: Indirect factory labor Power and light Indirect materials $21,840 6,050 10.100 Total variable cost $37.990 Construct a factory overhead cost variance report for the Trim Department for July Enteral amounts as positive numbers. If an amount box does not require an entry Nani and interim in the treat All work saved Submit Test for Grading 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 13,000 hrs. Actual productive capacity used for the month 8,000 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 Net controllable variance-favorable Volume variance-unfavorable Idle hours at the standard rate for fixed factory overhead Total factory overhead cost variance-unfavorable Previous Next) | All work saved. Submit Test for Grading