Factory Overhead Cost Varience Report Feeting better Medical Inc, a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year, The company expected to operate the department at 100% of normal capacity of 8,200 hours. During October, the department operated at 8,700 standard hours, and the factory overhead costs incurred were indirect foctory wages, $29,000; power and light, $18,370; indirect materials, $15,500; supervisory salaries, $16,220; depreciation of plant and equipment, $41,610; and insurance and property taxes, $12,690. Required: Prepare a factory overhead cost variance report for October, To be useful for cost control, the budgeted amounts should be based on 8,700 hours, Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number, Round vour per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department