Acct440 Managerial Accounting - The Finishing Department of Paragon Manufacturing Co

Acct440 Managerial Accounting 
The Finishing Department of Paragon Manufacturing Co. prepared the following factory overhead cost budget for October of the current year, during which it expected to operate at a 100% capacity of 10,000 machine hours: 
Variable cost: 
Indirect factory wages 18,000 
Power and light 12,000 
Indirect materials 4,000 
Total variable cost 34,000 

Fixed cost: 
Supervisory salaries 12,000 
Depreciation of plant and equipment 8,800 
Insurance and property taxes 3,200 
Total fixed cost 24,000 
Total factory overhead 58,000 

During October, the plant was operated for 9,000 machine hours and the factory overhead costs incurred were as follows: indirect factory wages, $16,400; power and light, $10,000; indirect materials, $3,000; supervisory salaries, $12,000; depreciation of plant and equipment, $8,800; insurance and property taxes, $3,200. 

Prepare a factory overhead cost variance report for October. (The budgeted amounts for actual amount produced should be based on 9,000 machine hours.)