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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
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 of normal capacity of hours. 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 $$ During October, the department operated at standard hours, and the factory overhead costs incurred were indirect factory wages, $; power and light, $; indirect materials, $; supervisory salaries, $; depreciation of plant and equipment, $; and insurance and property taxes, $ Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on hours. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number, Round your per unit computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Normal capacity for the month hrs Actual production for the month his. Feeling Better Hedical Inc. Factory Overhead Cost Variance KeportAssembly Department For the Monih Ended October
Feeling Better Medical Inc., a manufacturer of disposable medical supplies, prepared the following factory overhead cost budget for the Assembly Department for October of the current year. The company expected to operate the department at of normal capacity of hours.
Variable costs:
Indirect factory wages
$
Power and light
Indirect materials
Total variable cost
$
Fixed costs:
Supervisory salaries
$
Depreciation of plant and equipment
Insurance and property taxes
Total fixed cost
Total factory overhead cost
$$
During October, the department operated at standard hours, and the factory overhead costs incurred were indirect factory wages, $; power and light, $; indirect materials, $; supervisory salaries, $; depreciation of plant and equipment, $; and insurance and property taxes, $
Required:
Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 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.
Normal capacity for the month hrs
Actual production for the month his.
Feeling Better Hedical Inc.
Factory Overhead Cost Variance KeportAssembly Department
For the Monih Ended October
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