Business Course !! My Subscriptions Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory supplies $100,000 Indirect labor 152,000 Utilities 68,000 Patent royalties on secret process 296,000 Total variable overhead $616,000 Fixed costs: Supervisory salaries 160,000 Depreciation on factory equipment 144,000 Factory taxes 48,000 Factory insurance 32,000 Utilities (base charge) 80,000 Total fixed overhead 464,000 Total manufacturing overhead $1,080,000 Support The polishing department was operated for 4,400 hours during April and incurred the following manufacturing overhead costs: Factory supplies 597,670 Indirect labor Utilities (usage factor 82,800 132,310 Pa 11 Tvne here to search 2 Business Course !! My Subscriptions following manufacturing overhead costs: Factory supplies $97,670 Indirect labor 132,310 Utilities (usage factor) 82,800 Utilities (base factor) 96,000 Patent royalties 280,566 Supervisory salaries 171,000 Depreciation on factory equipment 144,000 Factory taxes 59,000 Factory insurance 32,000 Total manufacturing overhead incurred $1,095,346 Support Using a flexible budgeting approach, prepare a performance report for the polishing department for April 2016, comparing actual overhead costs with budgeted overhead costs for 4,400 hours. Separate overhead costs into variable and fixed components and show the amounts of any variances between actual and budgeted amounts. Do not use negative signs with your answers below. Do not round until your final answer. Round answers to nearest whole number, if applicable. Select either U for Unfavorable or F for Favorable using the drop down box next to each of your variance answers Taylor Manufacturing Company Polishing Department Performance Report - Manufacturing Overhead For the Month Ended April 30, 2016 Actual Costs Budget (4,400 hours) Variances Variable costs: Factory supplies 97,570 X 5 3,570 X U Indirect labor 136,210 x 142,880 Type here to search 5 94,000 KS OXF $ Business Course :: My Subscriptions Select either Ufor Unfavorable or Ffor Favorable using the drop down box next to each of your variance answers. Taylor Manufacturing Company Polishing Department Performance Report - Manufacturing Overhead For the Month Ended April 30, 2016 Actual Costs Budget (4,400 hours) Variances Variable costs Factory supplies 97,570 x $ 94,000 * $ 3,570 x U Indirect labor 136,210 x 142,880 X 0xF Utilities OX 0 x OXU Patent royalties 0 x OX 0.X U Total variable overhead 0 x 0 x 0x U Fixed costs: Supervisory salaries OX 0 x U Depreciation on equipment 0 x OX 0 Factory taxes 0 x 0 X OXU Factory insurance OX 0X Utilities OX OXU Total fixed overhead 0 x 0X OXU Total overhead costs 0X5 0 X 5 0 x U Support OX 17 0 OX )) Check You have correctly selected 12. Partially corre Marks for submission: 0:26/1:00 Type here to search 13