Required:

Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 6,300 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.

Feeling Better Medical Inc.
Factory Overhead Cost Variance ReportAssembly Department
For the Month Ended October 31
Normal capacity for the month 5,900 hrs.
Actual production for the month 6,300 hrs.
	Budget	Actual	Favorable Variances	Unfavorable Variances
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	$	$
Total controllable variances			$	$
Net controllable variance-unfavorable				$
Volume variance-favorable
Excess hours used over normal at the standard rate for fixed factory overhead
Total factory overhead cost variance-favorable				$

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 of 5,900 hours. Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost $19,470 13,157 10,797 $43,424 Fixed costs Supervisory salaries $10,990 28,200 8,600 Depreciation of plant and equipment Insurance and property taxes 47,790 Total fixed cost Total factory overhead cost During October, the department operated at 6,300 standard hours, and the factory overhead costs incurred were indirect factory wages, $21,000; power and light, $13,800; indirect materials, $11,800; supervisory $91,214 salaries, $10,990; depreciation of plant and equipment, $28,200; and insurance and property taxes, $8,600 Required Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 6,300 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. Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31 Normal capacity for the month 5,900 hrs. Actual producion for the month 6,300 hrs Budget Actua Favorable Variances Unfavorable Variances Variable costs