The Finishing Department of Paragon Manufacturing Co. prepared the following fa

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 10000 machine hours: $18000 12000 4000 $34000 $12000 8800 3200 24000 $58000
During October the plant was operated for 9000 machine hours and the factory overhead costs incurred were as follows: indirect factory wages
$16400; power and light $10000; indirect materials $3000; supervisory salaries $12000; depreciation of plant and equipment $8800;
insurance and property taxes $3200. Prepare a factory overhead cost variance report for October. (The budgeted amounts for actual amount produced should be based on 9000 machine
hours.)