Tiger Equipment Inc., a manufacturer of construction equipment, prepared the following factory overhead 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 8,400 hours.

1	Variable costs:
2	Indirect factory wages	$30,240.00
3	Power and light	20,160.00
4	Indirect materials	16,800.00
5	Total variable cost		$67,200.00
6	Fixed costs:
7	Supervisory salaries	$20,000.00
8	Depreciation of plant and equipment	36,200.00
9	Insurance and property taxes	15,200.00
10	Total fixed cost		71,400.00
11	Total factory overhead cost		$138,600.00

During May, the department operated at 8,860 hours, and the factory overhead costs incurred were indirect factory wages, $32,400; power and light, $21,000; indirect materials, $18,250; supervisory salaries, $20,000; depreciation of plant and equipment, $36,200; and insurance and property taxes, $15,200.

Required:

Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 8,860 hours. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.