Can somebody help me with this? The polishing department of Taylor Manufacturing Company operated during April 2019 with the following manufacturing overhead cost budget based on 4,000 hours of monthly productive capacity: TAYLOR MANUFACTURING COMPANYPolishing DepartmentOverhead Budget (4,000 hours)for the month of April 2019 Variable costs: Factory supplies $100,000 Indirect labor 152,000 Utilities (usage charge) 68,000 Patent royalties on secret process 296,000 Total variable overhead $616,000 Fixed costs: Supervisory salaries $160,000 Depreciation on factory equipment 144,000 Factory taxes 48,000 Factory insurance 32,000 Utilities (base charge) 80,000 Total fixed overhead $464,000 Total manufacturing overhead $1,080,000 The polishing department was operated for 4,600 hours during April and incurred the following manufacturing overhead costs: Factory supplies $97,520 Indirect labor 136,160 Utilities (usage factor) 82,800 Utilities (base factor) 96,000 Patent royalties 280,416 Supervisory salaries 168,000 Depreciation on factory equipment 144,000 Factory taxes 56,000 Factory insurance 32,000 Total manufacturing overhead incurred 1,092,896 Using a flexible budgeting approach, prepare a performance report for the polishing department for April 2019, comparing actual overhead costs with budgeted overhead costs for 4,600 hours. Separate overhead costs into variable and fixed components and show the amounts of any variances between actual and budgeted amounts.

Question

Can somebody help me with this?

The polishing department of Taylor Manufacturing Company operated during April 2019 with the following manufacturing overhead cost budget based on 4,000 hours of monthly productive capacity:

TAYLOR MANUFACTURING COMPANY
Polishing Department
Overhead Budget (4,000 hours)
for the month of April 2019

Variable costs:
Factory supplies	$100,000
Indirect labor	152,000
Utilities (usage charge)	68,000
Patent royalties on secret process	296,000
Total variable overhead		$616,000
Fixed costs:
Supervisory salaries	$160,000
Depreciation on factory equipment	144,000
Factory taxes	48,000
Factory insurance	32,000
Utilities (base charge)	80,000
Total fixed overhead		$464,000
Total manufacturing overhead		$1,080,000

The polishing department was operated for 4,600 hours during April and incurred the following manufacturing overhead costs:

Factory supplies	$97,520
Indirect labor	136,160
Utilities (usage factor)	82,800
Utilities (base factor)	96,000
Patent royalties	280,416
Supervisory salaries	168,000
Depreciation on factory equipment	144,000
Factory taxes	56,000
Factory insurance	32,000
Total manufacturing overhead incurred	1,092,896

Using a flexible budgeting approach, prepare a performance report for the polishing department for April 2019, comparing actual overhead costs with budgeted overhead costs for 4,600 hours. Separate overhead costs into variable and fixed components and show the amounts of any variances between actual and budgeted amounts.