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:

Line Item Description Amount

Actual: Variable factory overhead $$175,100$

Fixed factory overhead $126,300$

Standard: $61,000$ hrs$.$ at $$5\mathrm{.}00($$$2\mathrm{.}90$ for variable factory overhead$)305,000$

Productive capacity at $100\%$ of normal was $60,100$ hours, and the factory overhead cost budgeted at the level of $61,000$ standard hours was $$303,200.$ Based on these data, the chief cost accountant prepared the following variance analysis:

Line Item Description Amount Amount

Variable factory overhead controllable variance:

Actual variable factory overhead cost incurred $$175,100$

Budgeted variable factory overhead for $61,000$ hours $(176,900)$

Variance$$favorable $$(1,800)$

Fixed factory overhead volume variance:

Normal productive capacity at $100\%60,100$ hrs$.$

Standard for amount produced $(61,000)$

Productive capacity not used $900$ hrs$.$

Standard variable factory overhead rate $\backslash$times $$5\mathrm{.}00$

Variance$$unfavorable $4,500$

Total factory overhead cost variance$$unfavorable $$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 $fill in the blank $1$

Fixed Factory Overhead Volume Variance $fill in the blank $3$

Total Factory Overhead Cost Variance $fill in the blank $5$