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Foctory Overhedd Cost Variance Preport Feeling Better Medical...

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Accounting

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Foctory Overhedd Cost Variance Preport Feeling Better Medical Inci, 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 capscity of 5,100 hours. Duning October, the department operated at 5,400 standard hours, and the factory overhead costs incurred were indirect factory wages, 318,000 ; power and light, $11,350; indirect materials, $9,600; sugervisory salaries, $9,970; depreciation of plant and equipment, $25,580; and insurance and property taxes, $7,800. Required Prepare a factory overhead cost variance report for October, To be useful for cost control, the budgeted amounts should be based on 5,400 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

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