o Are consider? Explain there any performance-related Issues that the labor bonus or hiring isues that the labor time and rate variances fail to another transcriptionist Standard factory overhead variance report Inc., a manufacturer of disposable medical supplies ober. The seabur ead cost budget for the Assembly Department or 25,000 hours. medical supplies, prepared the following facto- o operate the capacity of 25,000 hours. Variable costs: Indirect factory wages Power and light Indirect materials 150,000 29,500 Total variable cost Fixed costs: $196,500 Depreciation of plant and equipment Insurance and property taxes $125,000 49,000 29.750 Total fixed cost Total factory overhead cost 203,750 5400 250 d the factory overhead October, the department operated at 23,500 hours, an During incurred were as follows: indirect factory wages, $140,500; power and light, $28,600; irect ment, $49,000; and insurance indirect materials, $ 5, 220; supervisory salaries, $125,000; depreciation of plant and equip- and property taxes, $29,750 Instructions Prepare a factory overhead cost variance report for October. To be useful for cost control, the budgeted amounts should be based on 23,500 hours