Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 40,000 units of product are as follows: Actual: Variable factory overhead $138,900 Fixed factory overhead 101,000 Standard: 61,000 hrs. at $4.00 ($2.30 for variable factory overhead) 244,000 Productive capacity at 100% of normal was 60,200 hours, and the factory overhead cost budgeted at the level of 61,000 standard hours was $242,500. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $138,900 Budgeted variable factory overhead for 61,000 hours 140,300 Variance-favorable $(1,400) Fixed factory overhead volume variance: Normal productive capacity at 100% 60,200 hrs. Standard for amount produced 61,000 Productive capacity not used 800 hrs. Standard variable factory overhead rate x $4.00 Variance-unfavorable 3,200 Total factory overhead cost variance-unfavorable $1,800 Total factory overhead cost variance-unfavorable $1,800 Compute the following to assist you in identifying the errors in the factory overhead cost variance analysis. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your interim computations to the nearest cent, if required. Variance Amount Favorable/Unfavorable Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance