Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April $2019$ with the following manufacturing overhead cost budget based on $4,000$ hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget $(4,000$ Hours$)$ For the Month of April $2019$ 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 $$1,080,000$ The polishing department was operated for $4,600$ hours during April and incurred the following manufacturing overhead costs: Factory supplies $$97,520$ Indirect labor $136,160$ Utilities $($usage factor$)82,800$ Utilities $($base factor$)96,000$ Patent royalties $280,416$ Supervisory salaries $168,000$ Depreciation on factory equipment $144,000$ Factory taxes $56,000$ Factory insurance $32,000$ Total manufacturing overhead incurred $$1,092,896$ Using a flexible budgeting approach, prepare a performance report for the polishing department for April $2019,$ comparing actual overhead costs with budgeted overhead costs for $4,600$ 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 $30,2019$ Actual Costs Budget $(4,600$ hours$)$ Variances Variable costs: Factory supplies Answer Answer Answer AnswerFU Indirect labor Answer Answer Answer AnswerFU Utilities Answer Answer Answer AnswerFU Patent royalties Answer Answer Answer AnswerFU Total variable overhead Answer Answer Answer AnswerFU Fixed costs: Supervisory salaries Answer Answer Answer AnswerFU Depreciation on equipment Answer Answer Answer Factory taxes Answer Answer Answer AnswerFU Factory insurance Answer Answer Answer Utilities Answer Answer Answer AnswerFU Total fixed overhead Answer Answer Answer AnswerFU Total overhead costs Answer Answer Answer AnswerFU