Factory Overhead Variance Corrections

The data related to Shunda Enterprises Inc.s factory overhead cost for the production of 30,000 units of product are as follows:

Actual:	Variable factory overhead	$132,100
	Fixed factory overhead	95,200
Standard:	46,000 hrs. at $5.00 ($2.90 for variable factory overhead)	230,000

Productive capacity at 100% of normal was 45,000 hours, and the factory overhead cost budgeted at the level of 46,000 standard hours was $228,600. Based on these data, the chief cost accountant prepared the following variance analysis:

Variable factory overhead controllable variance:
Actual variable factory overhead cost incurred	$132,100
Budgeted variable factory overhead for 46,000 hours	133,400
Variancefavorable			$(1,300)
Fixed factory overhead volume variance:
Normal productive capacity at 100%	45,000	hrs.
Standard for amount produced	46,000
Productive capacity not used	1,000	hrs.
Standard variable factory overhead rate	x $5.00
Varianceunfavorable			5,000
Total factory overhead cost varianceunfavorable			$3,700

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	$fill in the blank 1
Fixed Factory Overhead Volume Variance	fill in the blank 3
Total Factory Overhead Cost Variance	$fill in the blank 5