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 17,000 hours for production: 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 Total factory overhead cost Total variable cost $44,200 13,090 27,200 $40,560 12,100 26,900 $79,560 $61,050 16,070 29,980 Tannin has available 21,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 16,000 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 $84,490 107,100 $191,590 Productive capacity for the month 21,000 hrs. Actual productive capacity used for the month 16,000 hrs. 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.

annin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current vear, during which it expected to the 17,000 hours for production: Tannin has avaliable 21,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During July, the Trim Department actually used 16,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual varible factory overhead costs: 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 posituve number, If an amount box does not require an entry, leave it blank. Round your interim computations to the nearest cent, if required. Productive capacity for the month 21,000 hrs. Actual productive capacty used for the month 16,000hrs. Construct a foctory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfovorable vartance as a postive number. If an amount box does not require an entry, leaveitblank. Round your interim computations to the nearest cent, if required. Productive copscity for the month 21,000 hrs