Feeling better Medical Inc, a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at 100% of normal capacity of 8,400 hours. Variable costs: Indirect factory wages $27.720 Power and light 18,816 Indirect materials 15,456 Total variable cost $61,992 Supervisory salaries Depreciation of plant and equipment $15,260 39,150 11,950 Insurance and property taxes Total fixed cost 66,360 Total factory overhead cost $128,352 During October, the department operated at 8,900 standard hours, and the factory overhead costs incurred were indirect factory wages, $29,660; power and light, $19,580; Indirect materials, $16,700; supervisory salaries, $15,260; depreciation of plant and equipment, $39,150; and insurance and property taxes, $11,950 Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,900 hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank Feeling Better Medical Inc. Factory Overhead Cost Variance Report Assembly Department For the Month Ended October 31 Normal capacity for the month 8,400 hrs. Actual production for the month 8,900 hrs. Budget Actual (at Actual Cost Production) Variable factory overhead costs: Indirect factory wages Power and light Unfavorable Variances Favorable Variances Indirect materials Total variable cost Foxed factory overhead costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost Total factory overhead cost Total controllable variances Volume variance favorable: Excess hours used over normal at the standard rate for fixed factory overhead