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 expea to curate the department at 100% of normal capacity of 8,100 hours. Variable costs Indirect factory wages $30,240 Power and light 20,160 Indirect materials 16,000 Total variable cost $67,200 Fored costs Supervisory salaries $20,000 Depreciation of plant and equipment 36,200 Insurance and property taxes 15,200 Total fixed cost 71.400 Totalfador overhead cost $139,600 During May, the department operated at 1.860 standard hours. The factory overhead costs incurred were Indirect factory wages, $22.400 power and light, $21,000; indirect materials. $16.250 supervisory salaries 520.000 depreciation of plant and equipment $36,200, and insurance and property, 315,200 Required: Wepare a factory overhead cost variante report for May. To be useful for cost control the budgeted amounts should be based on 0,46 hours Enter a favorable variance as a negative numbering minusson and an unfavorable variance as a positive number. Hound your per unit computations to the nearest cent, if required. If an amount box does not require an estry leave it blank