K Factory Overhead Cost Variance Report 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 a 5,300 hours. Variable costs: Indirect factory wages Power and light Indirect materials $16,430 10,918 9,328 $36,676 Total variable cost Fixed costs: Supervisory salaries $10,360 Depreciation of plant and equipment 26,580 Insurance and property taxes 8,110 Total fixed cost 45,050 Total factory overhead cost $81,726 During October, the department operated at 5,600 standard hours, and the factory overhead costs incurred were indirect factory wages, $17,530; power and light, $11,330; Indirect materials, $10,100; supervisory salaries, $10,360; depreciation of plant and equipment, $26,580; and insurance and property taxes, $8,110. Required: Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 5,600