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 ($2.90 for variable factory overhead) 230,000 Productive capacity at 100% of normal was 45,200 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 Hudgeted variable factory overhead for 46,000 hours Variance-favorable $(1,300) Fixed factory overhead volume variance Normal productive capacity at 100% 45.200 hrs Standard for amount produced 46,000 Productive capacity not used Standard variable factory overhead rate Variance-unfavorable 4,000 Total factory overhead cost variance-unfavorable $2,700 133,400 NOD hrs X $5 $2,700 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 Favorable Fixed Factory Overhead Volume Variance Favorable Total Factory Overhead Cost Variance Favorable 1000 X