Factory Overhead Cost Variance Report

Variable overhead cost:

Indirect factory labor

Power and light

Indirect materials

Total variable overhead cost

Fixed overhead cost:

Supervisory salaries

Depreciation of plant and equipment

Insurance and property taxes

Total fixed overhead cost

Total factory overhead cost

Actual variable factory overhead cost:

Indirect factory labor

Power and light

Indirect materials

Total variable cost

Tannin Products Inc.

Factory Overhead Cost Variance Report$-$Trim Department

For the Month Ended July $31$

Productive capacity for the month $12,000$ hrs$.$

Actual productive capacity used for the month $7,000$ hrs$.$

Actual Budget $($at actual production$)$ Unfavorable Variances Favorable Variances

Variable factory overhead costs:

Indirect factory labor

Power and light

Indirect materials

Total variable factory overhead cost

Fixed factory overhead costs:

Supervisory salaries

Depreciation of plant and equipment

Insurance and property taxes

Total fixed factory overhead cost

Total factory overhead cost

Total controllable variances

Idle hours at the standard rate for fixed factory overhead: