Tannin Products Inc. prepared the following factory overhead cost budget for the Trim Department for July of the current year, during which it expected to use 12,000 hours for production: Variable...

Tannin Products Inc.Factory Overhead Cost Variance Report-Trim DepartmentFor the Month Ended July 31

Extracted text: Productive capacity for the month 16,000 hrs. Actual productive capacity used for the month 11,000 hrs. Budget (at Actual Production) Unfavorable (Favorable) Actual Cost Variances Variances Variable factory overhead costs: Indirect factory labor 33,000 x 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 Net controllable variance-favorable Volume variance-unfavorable: Idle hours at the standard rate for fixed factory overhead Total factory overhead cost variance-unfavorable


Extracted text: Total variable cost $58,890 Construct a factory overhead cost variance report for the Trim Department for July. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount box does not require an entry, leave it blank. Round your interim computations to the nearest cent, if required. Tannin Products Inc. Factory Overhead Cost Variance Report-Trim Department For the Month Ended July 31 Productive capacity for the month 16,000 hrs. Actual productive capacity used for the month 11,000 hrs. Unfavorable (Favorable) Budget (at Actual Production) Actual Cost Variances Variances Variable factory overhead costs: Indirect factory labor 33,000 X $ 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