Managerial Accounting: E7-18 Form Fit Molded Products Inc. prepared the following

Managerial Accounting 
E7-18 Factory overhead cost variance report 
Form Fit Molded Products Inc. prepared the following factory overhead cost budget for the Trim Department for October 2008, during which it expected to use 20,000 hours for production: 
Variable overhead cost: 
Indirect factory labor 49,000 
Power and light 12,000 
Indirect materials 32,000 
Total variable cost 93,000 
Fixed overhead cost: 
Supervisory salaries 35,000 
Depreciation of plant and equipment 28,400 
Insurance and property taxes 21,600 
Total fixed cost 85,000 
Total factory overhead cost $178,000 
Form Fit Molded Products has available 34,000 hours of monthly productive capacity in the Trim Department under normal business conditions. During October, the Trim Department actually used 24,000 hours for production. The actual fixed costs were as budgeted. The actual variable overhead for October was as follows: 
Actual variable factory overhead cost: 
Indirect factory labor 58,300 
Power and light 15,000 
Indirect materials 38,750 
Total variable cost $112,050 

Construct a factory overhead cost variance report for the Trim Department for October.
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