Form Fit Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for October 2008, during which it expected to use 20,000 hours for production:

Form Fit Molded Products has available 34,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During October, the Trim Department actually used 24,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for October was as follows:
Actual variable factory overhead cost:
Indirect factory labor .... $ 58,300
Power and light ....... 15,000
Indirect materials ..... 38,750
Total variable cost .... $112,050

Construct a factory overhead cost variance report for the Trim Department forOctober.

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Variable overhead cost Indirect factory labor Power and light Indirect materials $49,000 12,000 32,000 Total variable cost s 93,000 Fixed overhead cost: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes $35,000 28,400 21,600 Total fixed cost 85,000 $178,000 Total factory overhead cost