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: 42,000.00 26,880.00 16,800.00 2 Indirect factory wages Power and light Indirect materials 5Total variable cost 6 Fixed costs: 7 Supervisory salaries 8 Depreciation of plant and equipment 9 Insurance and property taxes 10 Total fixed cost 11 Total factory overhead cost $85,680.00 $20,400.00 35,400.00 15,600.00 71,400.00 157,080.00 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: 42,000.00 26,880.00 16,800.00 2 Indirect factory wages Power and light Indirect materials 5Total variable cost 6 Fixed costs: 7 Supervisory salaries 8 Depreciation of plant and equipment 9 Insurance and property taxes 10 Total fixed cost 11 Total factory overhead cost $85,680.00 $20,400.00 35,400.00 15,600.00 71,400.00 157,080.00