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Factoty Overhead Cost Variance Report Feeling Better Medical inc, a manufacturer of disposable medical supplies, prepared the folioning factory overtiead cost budget for the Assembly Department for Cctober: of the current year. The compary expected to operate the department at 100% of normal capsoity of 5,000 hours. During October, the department operated at 5,300 standard hours, and the factory overhead costs incurred were indirect factory wages, 518,200, power and light. $10,570; indirect materials, \$8,800; supervisory salaries, $10,350; depreciation of plant and equipment, $26,550; and insurance and property taxes, $8,100. Requiredt Prepare a factory overhead cost variance report for October. fo be useful for cost control, the budgeted amounts should be based on 5,300 hours: Enter a favarabie variance as a negative number ving a minus sign and an unfavorable variance as a positive number. Round your per unit computatians to the nearnst cent, if required, If an amount box does not require an entry, leave it blank. Normal capsoty for the month 5,000 has. Norma copsaty for the fionti 5,000 hrs? Actual production for the month 5,300 hrs