Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.'s factory overhead cost for the production of 50,000 units of product are as follows: Actual: Variable factory overhead Fixed factory overhead $308,500 220,200 Standard: 76,000 hrs. at $7.00 ($4.10 for variable factory overhead) $32,000 Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $528,800. Based on these data, the chief cost accountant prepared the following variance analysis Variable factory everhead controllable variance: Actual variable factory overhead cost incurred $308,500 Budgeted variable factory overhead for 76,000 hours (311,600) Variance-favorable Fixed factory overhead volume variance Normal productive capacity at 100% 75,000 h Standard for amount produced Productive capacity not used Standard variable factory overhead rate Variance-unfavorable Total factory overhead cost variance-unfavorable (76,000) 1,000 hrs $7.00 $3,100) 7,000 $3,900 Productive capacity at 100% of normal was 75,000 hours, and the factory overhead cost budgeted at the level of 76,000 standard hours was $528,800. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance Actual variable factory overhead cost incurred $300,500 Budgeted variable factory overhead for 76,000 hours (311,600) Variance-favorable Fixed factory overhead volume variance $3,100) Normal productive capacity at 100% 75,000 Standard for amount produced (76,000) Productive capacity not used 1,000 hrs Standard variable factory overhead rate $7.00 Variance-unfavorable Total factory overhead cost variance-unfavorable 7,000 $3,900 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 required. Variance Amount Variable factory Overhead Controlate Varance 630,100 Fixed Factory Overhead me variance Total Factory Overhead Cast Variance Favorable/Unfavorable