During May, the department operated at 8,880 standard hours, and the factory overhead costs incurred were indirect factory wages, $48,516; power and light, $27,792; indirect materials, $18,370; supervisory salaries, $19,000; depreciation of plant and equipment, $35,600; and insurance and property taxes, $17,650.

Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 8,880 hours. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter favorable variances as negative amounts.

Please fill in the above table with the correct amount description and answers. Thank you. Below I have attached a list of descriptions.

Amount Descriptions
Depreciation of plant and equipment
Indirect factory wages
Indirect materials
Insurance and property taxes
Net controllable variance-favorable
Net controllable variance-unfavorable
Power and light
Supervisory salaries
Total controllable variances
Total factory overhead cost
Total factory overhead cost variance-favorable
Total factory overhead cost variance-unfavorable
Total fixed factory overhead cost
Total variable factory overhead cost
Volume variance-favorable
Volume variance-unfavorable

Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead cost budget for the Welding Department for May of the current year. The company expected to operate the department at 100% of normal capacity of 8,500 hours. TIGER EQUIPMENT INC Factory Overhead Cost Budget-Welding Department For the Month Ended May 31 Variable costs Indirect factory wages 3 Power and light 4 Indirect materials $45,900.00 26,350.00 17.000.00 Total variable cost 89,250.00 6 Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxes 19.000.00 35,600.00 17.650.00 8 10 Total fixed cost 72,250.00 I1 Total factory overhead cost $161,500.00