The controller of Pantops Corporation has asked you to prepare a factory overhead variance report for the Finishing Department on an item by item of cost basis. You have been supplied with the following information:

Factory overhead is charged to production in the Finishing Department on the basis of direct labor hours. Factory overhead for the period was budgeted at 10,000 hours, but 9,600 hours were actually worked.
Required:
Prepare a variance report showing the spending variance for each item of factory overhead. Compute and include a single idle capacity variance in the report.

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Budgeted Actual Cost Cost Variable costs: $70,000 61,500 27,000 12,000 6,000 1,500 10,000 21,000 9,000 $70,000 60,000 28,000 12,000 6,100 1,500 10,000 15,000 9,000 Indirect labor…… Payroll taxes.... Factory supplies... ……·… Electric utility. Gas utitity Water utility Machinery repairs.... Overtime premium Fixed costs: ...awi$48,000 $48,000 36,000 40,500 8,000 12,250 19,000 15,000 9,000 5,000 23,000 50,000 15,000 13,000 15,250 Supervision..caro Indirect laborc Vacation pay Payroll taxes.... Employee insurance 36,000 40,000 8,000 12,000 19,000 15,000 9,000 5,000 23,000 50,000 15,000 12,000 15.000 Electric utilityu Gas utility Water utility. Maintenance Machinery depreciation.. Building rent.c Property taxes...n Property insurance