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Accounting

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Factory Overthead Cost Vanance 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 7,500 hours. During October, the department operated at 8,000 standard hours, and the factory overhead costs incurred were indirect factory wages, $27,470; power and light, $16,810; indirect materials, $15,000; supervisory salaries, $13,280; depreclatien of plant and equipment, $34,070; and insurance and property taxes, $10,400. Required Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 8,000 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 bok does not require an entry, leave it blank. 2 more Chock My Woek uses remaining. Next: Feeling Better Medical Inc. Factory Overhead Cost Variance Report-Assembly Department For the Month Ended October 31

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