Tiger Egonent Inc. a manufacturer of construction equipment, reared the following factory overed cost budget for me Welding Department for May of the current year. The company expected to operate the Broatment at 100of normal capacity of 5,600 hours Variable costs Indirect factory wages $17.920 Power and light 11.928 Indirect materials 9.65 Total arate cost $39,536 Feed cost Supervisory sales $11.450 Depreciation of plant and equipment 29.410 Insurance and property taxes 4,970 Toated cost 40,840 Total actory overhead cost $89,376 During May, the department operated at 5.000 dardhours. The story overhead costs incurred were direct factory wages $19.070 wedght312.540 indirectens $10.400 Supervisory $11.460; depreciation of plant and equipment, $29,410, and once and property as 58.970 Required neparettory overhead cost are report for May to be for con control the budgeted amounts should be based on 5.000 runs intervale variance eve number using a mund anuntate variance as a positive number Round your per unit computations to the nearest cent of required. If an amount box does not require an entry wit blank Tiger Equipment Inc. Factory Overhead Coat Variance Report - Welding Department For the Month Ended May 31 Nontal capacity for the month 5,600 Tiger Equipment Inc. Factory Overhead Cost Variance Report-Welding Department For the Month Ended May 31 Normal capacity for the month 5,600 hrs. Actual production for the month 5,900 hrs Actual Budget Unfavorable Variances Favorable Variances Variable costs: Indirect factory wages Power and light Indirect materials Total variable cost Fixed costs: Supervisory salaries Depreciation of plant and equipment Insurance and property taxe (1000 00000 Total fixed cost Total factory overhead cost Total controllable variances Excess hours used over normal at the standard rate for fixed factory overhead Tiger Equpment the manufacturer of construction worment, prepared the following factory overed cost budget for the Welding Department for Mayed the current year. The company expected to operate the deoartment 100% of normaat of 5.600 hours Variable costs Indirect factory was $17.920 Power and 11,00 Indirect matera 9.668 Total variable cost $39,5 ed Supervisory se $11.450 Depreciation of a coment 29.410 Insurance and priorytare R.00 Toated cost 40,640 Total actory overhead con 59,36 During May, the department opered at 5,900 standard hours. The factory overhead coats Incures were indirect factory wages, 419,070 pour and St. 12.30, Indred men 1:0,400, supervisory lanes, 511.410. depreciation of grant and content, 139,410 and we and property 50.070 Requiredi Prepare a factory overheat concert for May. To be well for con control the budgeted mounts should be based on 5,900 hours Enter a favorable variance a negative number using a minus in and an unfavorable variance as a positive number Round your per unit computations to the nearest cent, If required. If an amount box does not regret cave it bank Tiger Equipment Inc Factory Overhead Cout Variance Report-Welding Department