Factory Overhead Cust. Va Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overheed 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 9,00 hours. Variable costs: Indirect factory wages $30.243 Power and light 20,160 Indirart materials Total variable cast $67,200 Fixed costs: Supervisory saartes $20,000 Deprecation of plant and ecument 36,200 Insurance and property taxes 15,200 Total Fixed cost 71.100 Totaltury wverlies or $130.000 $ During May, the department operated at 8.860 hours, and the factory overhead costs incurred were indirert factory wages, 32,400wer and light, $2,000; indirect materials, $18.950; supervisory salaries, $20.000; depreciation of plant and equipment, $26,700; and insurance and property taxes, . $15,200 Required: Prepare a factory overhead cast wariance report for May. Th bel for at control, the budgeted amounts should be hased an 8,869 hours. Enter afhvarahlo variance as a negative number using a minus sign and an unfavarahle variance as a positive number. If an amant box does not require an entry, leave it blanc Tiger Fquipment Inc. Factory Overhead Cost Variance Report-Welding Department For the Hunth Endled May 31 Normal capacity for the month 3.400 hrs. Actual production for the month 0,9GO turs. Budget Actual (at Actual Untavorable Favorable Cost Production) Variances Variances Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Tied factory the costs Supervisory Salaries Deprecation of plant and equipment Insurance and property taxes Don Oma Total fixed cost Total factory overhead cus Total controllable variances O Volume variance-taverable: Fxress hours sed over normal at the standard rate for fixed Pastary overhead Factory Overhead Cust. Va Report Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overheed 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 9,00 hours. Variable costs: Indirect factory wages $30.243 Power and light 20,160 Indirart materials Total variable cast $67,200 Fixed costs: Supervisory saartes $20,000 Deprecation of plant and ecument 36,200 Insurance and property taxes 15,200 Total Fixed cost 71.100 Totaltury wverlies or $130.000 $ During May, the department operated at 8.860 hours, and the factory overhead costs incurred were indirert factory wages, 32,400wer and light, $2,000; indirect materials, $18.950; supervisory salaries, $20.000; depreciation of plant and equipment, $26,700; and insurance and property taxes, . $15,200 Required: Prepare a factory overhead cast wariance report for May. Th bel for at control, the budgeted amounts should be hased an 8,869 hours. Enter afhvarahlo variance as a negative number using a minus sign and an unfavarahle variance as a positive number. If an amant box does not require an entry, leave it blanc Tiger Fquipment Inc. Factory Overhead Cost Variance Report-Welding Department For the Hunth Endled May 31 Normal capacity for the month 3.400 hrs. Actual production for the month 0,9GO turs. Budget Actual (at Actual Untavorable Favorable Cost Production) Variances Variances Variable factory overhead costs: Indirect factory wages Power and light Indirect materials Total variable cost Tied factory the costs Supervisory Salaries Deprecation of plant and equipment Insurance and property taxes Don Oma Total fixed cost Total factory overhead cus Total controllable variances O Volume variance-taverable: Fxress hours sed over normal at the standard rate for fixed Pastary overhead