Factory Overhead Cost Variance Report

Variable costs:

taxes, $$15,200.$

Required:

an entry, leave it blank.

Normal capacity for the month $8,400$ hrs$.$

Actual production for the month $8,860hrs.$

Factory Overhead Ciger Equipment Inc.

Cost Variance Report$-$Welding Department

Line Item Description

Variable factory overhead costs:

Indirect factory wages

Power and light

Indirect materials

Total variable cost

Fixed factory overhead costs:

Supervisory salaries

Depreciation of plant and equipment

Insurance and property taxes

Total fixed cost

Total factory overhead cost

Total controllable variances

Volume variance$-$favorable:

Excess hours used over normal at the standard rate for fixed factory overhead

Budget

Actual $($at Actual Unfavorable Favorable

Cost Production$)$ Variances Variances

$

$$