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.

TIGER EQUIPMENT INC.

Factory Overhead Cost Budget-Welding Department

For the Month Ended May 31

1	Variable costs:
2	Indirect factory wages	$43,680.00
3	Power and light	24,360.00
4	Indirect materials	16,800.00
5	Total variable cost		$84,840.00
6	Fixed costs:
7	Supervisory salaries	$19,400.00
8	Depreciation of plant and equipment	35,800.00
9	Insurance and property taxes	16,200.00
10	Total fixed cost		71,400.00
11	Total factory overhead cost		$156,240.00

During May, the department operated at 8,840 standard hours. The factory overhead costs incurred were indirect factory wages, $46,528; power and light, $25,368; indirect materials, $18,300; supervisory salaries, $19,400; depreciation of plant and equipment, $35,800; and insurance and property taxes, $16,200.

	Required:
	Prepare a factory overhead cost variance report for May. To be useful for cost control, the budgeted amounts should be based on 8,840 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.