Flexible Budget Application Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April \\begin{tabular}{|l|r|r|} \\hline Variable costs: & & \\\\ \\hline Factory supplies & \\( \\$ 100,000 \\) & \\\\ \\hline Indirect labor & 152,000 & \\\\ \\hline Utilities & 68,000 & \\\\ \\hline Patent royalties on secret process & 296,000 & \\\\ \\cline { 1 - 2 } Total variable overhead & & \\multirow{2}{*}{\\( \\$ 616,000 \\)} \\\\ \\hline Fixed costs: & & \\\\ \\hline Supervisory salaries & 160,000 & \\\\ \\hline Depreciation on factory equipment & 144,000 & \\\\ \\hline Factory taxes & 48,000 & \\\\ \\hline Factory insurance & 32,000 & \\\\ \\hline Utilities (base charge) & 80,000 & \\\\ \\hline Total fixed overhead & & \\multirow{2}{*}{464,000} \\\\ \\hline Total manufacturing overhead & & \\( \\$ 1,080,000 \\) \\\\ \\hline \\end{tabular} Jsing a flexible budgeting approach, prepare a performance report for the polishing department for April, comparing actual overhead costs with budgeted overhead costs for 4,700 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 \\( \\mathrm{U} \\) for Unfavorable or \\( \\mathrm{F} \\) for Favorable using the drop down box next to each of your variance answers. The polishing department was operated for 4,700 hours during April and incurred the following manufacturing overhead costs: \\begin{tabular}{|l|r|} \\hline Factory supplies & \\( \\$ 97,570 \\) \\\\ \\hline Indirect labor & 136,210 \\\\ \\hline Utilities (usage factor) & 82,800 \\\\ \\hline Utilities (base factor) & 96,000 \\\\ \\hline Patent royalties & 280,466 \\\\ \\hline Supervisory salaries & 169,000 \\\\ \\hline Depreciation on factory equipment & 144,000 \\\\ \\hline Factory taxes & 57,000 \\\\ \\hline Factory insurance & 32,000 \\\\ \\hline Total manufacturing overhead incurred & \\( \\$ 1,095,046 \\) \\\\ \\hline \\end{tabular}