Utilities Flexible Budget Application The polishing department of Taylor Manufacturing Company operated during April 2016 with the following manufacturing overhead cost budget based on 5,000 hours of monthly productive capacity: Taylor Manufacturing Company Polishing Department Overhead Budget (5,000 Hours) For the Month of April 2016 Variable costs: Factory Supplies $100,000 Indirect labor 152,000 68.000 Patent royalties on secret process 296.000 Total variable overhead $616.000 Fixed COSES: Supervisory salaries 160.000 Depreciation on factory equipment 144.000 Factory taxes 48.000 Factory insurance 32.000 Utilities (base charge) B0.000 Total fixed overhead 464 000 Total manufacturing overhead $1,000,000 The polishing department was operated for 4,500 hours during April and incurred the following manufacturing overhead costs: Factory supplies $97.470 Indirect labor 136,110 Utilities (usage factor) B2 800 Utilities (base factor) 96.000 Patent royalties 2B0366 Supervisory salaries 167,000 Depreciation on factory equipment Factory Laxes 55,000 Factory insurance Total manufacturing overhead incurred $1,090,746 144,000 Using a flexible budgeting approach, prepare a performance report for the polishing department for April 2016, comparing actual overhead costs with budgeted overhead costs for 4.500 hours. Separate overhead costs into variable and fixed components and show the amounts of any variances between actual and budgeted amounts. Do not use negative signs with your answers below. Do not round until your final answer. Round answers nearest whole number, if applicable. Select either Ufor Unfavorable or Ffor Favorable using the drop down box next to each of your variance answers. Taylor Manufacturing Company Polishing Department Performance Report - Manufacturing Overhead For the Month Ended April 30, 2016 Actual Costs Budget (4,500 hours) Variances Variable costs: Factory Supplies Indirect labor . Patent royalties Total variable overhead Fixed COSES: Supervisory salaries Depreciation on equipment Factory Laxes Factory insurance Utilities Total fixed overhead Total overhead costs Utilities Check