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 7,200 hours.

Variable costs:
Indirect factory wages	$22,320
Power and light	17,208
Indirect materials	14,328
Total variable cost		$53,856
Fixed costs:
Supervisory salaries	$12,750
Depreciation of plant and equipment	32,710
Insurance and property taxes	9,980
Total fixed cost		55,440
Total factory overhead cost		$109,296

During May, the department operated at 7,600 standard hours. The factory overhead costs incurred were indirect factory wages, $23,800; power and light, $17,840; indirect materials, $15,400; supervisory salaries, $12,750; depreciation of plant and equipment, $32,710; and insurance and property taxes, $9,980.

Required:

Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 7,600 hours. Enter a favorable variance as a negative number using a minus sign 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 require an entry, leave it blank.

Tiger Equipment Inc. Factory Overhead Cost Variance ReportWelding Department For the Month Ended May 31

Normal capacity for the month 7,200 hrs.
Actual production for the month 7,600 hrs.
	Actual	Budget	Unfavorable Variances	Favorable Variances
Variable costs:
Indirect factory wages	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
Power and light	fill in the blank 5	fill in the blank 6	fill in the blank 7	fill in the blank 8
Indirect materials	fill in the blank 9	fill in the blank 10	fill in the blank 11	fill in the blank 12
Total variable cost	$fill in the blank 13	$fill in the blank 14
Fixed costs:
Supervisory salaries	$fill in the blank 15	$fill in the blank 16
Depreciation of plant and equipment	fill in the blank 17	fill in the blank 18
Insurance and property taxes	fill in the blank 19	fill in the blank 20
Total fixed cost	$fill in the blank 21	$fill in the blank 22
Total factory overhead cost	$fill in the blank 23	$fill in the blank 24
Total controllable variances			$fill in the blank 25	$fill in the blank 26
Net controllable variance-favorableNet controllable variance-unfavorable			$- Select -
Volume variance-favorable:Volume variance-unfavorable:
Excess hours used over normal at the standard rate for fixed factory overhead				fill in the blank 30
Total factory overhead cost variance-favorableTotal factory overhead cost variance-unfavorable				$- Select -