Factory Overhead Variance Corrections The data related to Shunda Enterprises Inc.s factory overhead cost for the production of 60,000 units of product are as follows: Actual: Variable factory overhead $207,200 Fixed factory overhead 150,700 Standard: 91,000 hrs. at $4 ($2.30 for variable factory overhead) 364,000 Productive capacity at 100% of normal was 90,100 hours, and the factory overhead cost budgeted at the level of 91,000 standard hours was $361,800. Based on these data, the chief cost accountant prepared the following variance analysis: Variable factory overhead controllable variance: Actual variable factory overhead cost incurred $207,200 Budgeted variable factory overhead for 91,000 hours 209,300 Variancefavorable $(2,100) Fixed factory overhead volume variance: Normal productive capacity at 100% 90,100 hrs. Standard for amount produced 91,000 Productive capacity not used 900 hrs. Standard variable factory overhead rate x $4 Varianceunfavorable 3,600 Total factory overhead cost varianceunfavorable $1,500 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