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 7,800 hours.

During October, the department operated at 8,300 standard hours, and the factory overhead costs incurred were indirect factory wages, $25,150; power and light, $18,830; indirect materials, $17,000; supervisory salaries, $14,530; depreciation of plant and equipment, $37,280; and insurance and property taxes, $11,370

Required:

Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,300 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.

Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes Total fixed cost Total factory overhead cost $23,40018,01815,678 $57,096 $14,530 37,280 11,370 $120,27663,180 Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31