Medical Molded Products Inc. prepared the following factory overhead cost budget for

the Trim Department for March 2012, during which it expected to use 10,000 hours for

production:

Variable overhead cost:

Indirect factory labor $29,000

Power and light 7,500

Indirect materials 13,000

Total variable cost $ 49,500

Fixed overhead cost:

Supervisory salaries $34,100

Depreciation of plant and equipment 24,800

Insurance and property taxes 22,100

Total fixed cost 81,000

Total factory overhead cost $130,500

Medical Molded Products has available 15,000 hours of monthly productive capacity in

the Trim Department under normal business conditions.

During March, the Trim Department actually used 11000 hours for production.

. The actual fixed costs were as budgeted.

The actual variable overhead for March was as follows:

Actual variable factory overhead cost:

Indirect factory labor $31,100

Power and light 8,100

Indirect materials 15,000

Total variable cost $54,200

Construct a factory overhead cost variance report for the Trim Department for March