Net controllable variance, $900 U EX 23-20 Factory overhead cost variance report OBJ. 4 Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Depart- ment for July of the current year, during which it expected to use 20,000 hours for production: Variable overhead cost Indirect factory labor $46,000 Power and light 12.000 Indirect materials 20,000 Total variable overhead cost $ 78,000 (Continued) Copyri2021 g Nghway and duplici in part. WON-200203 prevedenie w duct war, dass with www.com 1158 Chapter 23 Evaluating Variances from Standard Costs Fixed overhead cost Supervisory salaries $54,500 Depreciation of plant and equipment 40,000 Insurance and property taxes 35,500 Totalfixed overhead cost 130,000 Total factory overhead cost $200.000 Tannin has available 25,000 hours of monthly productive capacity in the Trim Depart ment under normal business conditions. During July, the Trim Department actually used 22,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for July was as follows: Actual variable factory overhead cost Indirect factory labor $49,700 Power and light 13,000 Indirect materials 24,000 Total variable cost Construct a factory overhead cost variance report for the Trim Department for July, 586,700 Home D Page Layout fom OCH VIEWS H YA TANNIN PRODUCTS INC Factory Overhead Cast Variance Report --Trim Department For the Month Endedly MAIN Pracy Actual products to the mouth Budget Man boduction Vares Feb ACOV Vietary actory Indice Telefactory.com Food actory Super Den og and ty Tood for Tacoroco 13 34 w Fuad Out V roce 508 here to watch YZ MA AIAC AD Actual Factory Overhead Budgeted Factory Overhead for Amount Produced Variable cost Fixed cost Total Applied Factory Overhead Controllable Variance Volume Variance Total Factory Overhead Cost Variance Supporting calculation: Variable factory overhead rate Budgeted total variable cost Budgeted hours Variable factory overhead rate Fibed factory overhead rate Total food costs Productive capacity hours Fixed factory overhead rate Tot Actual hours Applied costs 10 a G O