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 76,000 hrs. at $7 ($4.10 for variable factory overhead) $308,500 220,200 532,000 Standard: Productive capacity at 100% of normal was 75,100 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 $308,500 Budgeted variable factory overhead for 76,000 hours 311,600 Variance-favorable $(3,100) Fixed factory overhead volume variance 75,100 hrs Normal productive capacity at 100% Standard for amount produced Productive capacity not used Standard variable factory overhead rate 76,000 900 hrs x $7 Variance-unfavorable 6,300 Total factory overhead cost variance-unfavorable $3,200 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 Variable Factory Overhead Controllable Variance Fixed Factory Overhead Volume Variance Total Factory Overhead Cost Variance Amount Favorable/Unfavorable Favorable Favorable Favorable