Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 20,000 units of product are as follows: Actual: Variable factory overhead Fixed factory overhead $86,100 62,100 Standard: 30,000 hrs. at $5.00 ($2.90 for variable factory overhead) 150,000 Productive capacity at 100% of normal was 29,100 hours, and the factory overhead cost budgeted at the level of 30,000 standard hours was $149,100. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $86,100 Budgeted variable factory overhead for 30,000 hours (87,000) Variance-favorable Fixed factory overhead volume variance: Normal productive capacity at 100% Standard for amount produced Productive capacity not used 29,100 hrs. (30,000) 900 hrs. Standard variable factory overhead rate x $5.00 Variance-unfavorable Total factory overhead cost variance-unfavorable $(900) 4,500 $3,600 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. 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 Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance Amount Favorable/Unfavorable