Factory ovethesd Cost Variance theport Tiger Equipment inc, a manufacturer of construction eeuipment, prepared the following tactory overhesd cost budget for the Welding Department for Mar of the current yeac. The campany expected to operate the department at 100% of normal capacity of 7,200 hours. During May, the desartiment operated at 7,600 standard hours. The factory overhead costs incurred were incirect foctory wages, s2,4, 500; puwer and light, s14, 110; inared materiais, \$12,300; supervisory solaries, \$12,250; depreciation of plant and equipment, 531,440 ; and insurance and property taxes, $9.590. Requiredi number using a minas sigh and an unfavorable vanance as a positive number. Round your per unit computations to the nearest cent, if required. If an amaunt bux does not require an entry, leswe it blank. Tiger Equipment Inc. Factery Overhead Cost Variance Report-Welding Department For the Month Ended May 31 Normal cepacity for the month 7,200 hrs. Actual oroduction for the month 7,600 hrs. Actual Budget Unfavorable Variances Favorable Variances Variable costs: Indirect foctory wages Power and light indirect materials Totat variable cost Fived costs: Supervisory salaries Depreciation of plant and equipment Insurance and property tawes Total fixed cost. Total factery overhebd cost: fotal contreltable variances Check My Work 2 mare Check My Work uses remaing Total controilabie variances Excess hours used over normal at the standard rate for fixed factory overhead