Medical Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for March 2012, during which it expected to use 14,000 hours for production:

Variable overhead cost:
Indirect factory labor	$35,000
Power and light	10,920
Indirect materials	15,400
Total variable cost		$ 61,320
Fixed overhead cost:
Supervisory salaries	$55,400
Depreciation of plant and equipment	14,580
Insurance and property taxes	27,220
Total fixed cost		97,200
Total factory overhead cost		$158,520

Medical Molded Products has available 18,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During March, the Trim Department actually used 13,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for March was as follows:

Actual variable factory overhead cost:
Indirect factory labor	$31,690
Power and light	9,960
Indirect materials	15,000
Total variable cost	$56,650

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Construct a factory overhead cost variance report for the Trim Department for March. Use the minus sign to enter favorable variances as negative numbers.

Medical Molded Products Inc.
Factory Overhead Cost Variance Report-Trim Department
For the Month Ended March 31, 2012
Productive capacity for the month 18,000 hrs.
Actual productive capacity used for the month 13,000 hrs.
		Budget (at actual production)		Actual		Favorable Variances		Unfavorable Variances
Variable factory overhead costs:
Indirect factory labor		$		$		$
Power and light
Indirect materials								$
Total variable factory overhead cost		$		$
Fixed factory overhead costs:
Supervisory salaries		$		$
Depreciation of plant and equipment
Insurance and property taxes
Total fixed factory overhead cost		$		$
Total factory overhead cost		$		$
Total controllable variances						$		$
								$
Idle hours at the standard rate for fixed factory overhead

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