Factory Overhead Cost Variance Report Required: computations to the nearest cent, if required. If an amount box does not require an entry, leave it blank. Tiger Equipment Inc. Cost Variance Report-Welding Department Normal capacity for the month 8,800 hrs. Factory Overhead Cost Variance Report-Weld For the Month Ended May 31 Actual production for the month 9,300 hrs. Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and prop Total fixed cost Excess hours used over normal at the standard rate for fixed factory overhead