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 8,700 hours.

During May, the department operated at 9,080 standard hours, and the factory overhead costs incurred were indirect factory wages, $42,268; power and light, $21,520; indirect materials, $18,700; supervisory salaries, $19,800; depreciation of plant and equipment, $35,700; and insurance and property taxes, $18,450.

Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 9,080 hours. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Enter all variances as positive amounts.

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 8,700 hours, TIGER EQUIPMENT INC. Factory overhead Cost Budget-Welding Department For the Month Ended May 31 1 Variable costs: 2 Indirect factory wages $40,02000 2088000 3 Power and light 4 Indirect materials 174000 $78300.00 5 Total variable cost 6 Fixed costs: 1980000 7 Supervisory salaries 35,700.00 8 Depreciation of plant and equipment 1845000 9 insurance and property taxes 10 Total fixed cost 3,950.00 $152.25000 11 Total factory overhead COst During May, the department operated at 9,080 standard hours, and the factory overhead ccsts incurred were indirect factory wages, $42,268; power and light, $21,5 indirect materials, $18,700; supervisory salaries, $19,800; depreciation of plant and equipment, $35,700; and insurance and property taxes, $18,450. Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 9,080 hours, Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entnes. Enter a variances as positive amounts