This little fungus caused a fair bit of consternation when I was trying to identify it. It’s soft and bright yellow when young, then as it dries, it hardens and turns bright orange.
I had it pegged as Phaeolus fibrillosus (from Mushrooms Demystified by David Arora), but couldn’t find any images for that one on line. So of course I had to show a dried specimen to David when he stayed with us, and he identified it as Pycnoporellus fulgens . . . formerly known as Phaeolus fibrillosus.
It doesn’t give a strong colour, but the soft peachy hues will act as a lovely neutral with the stronger mushroom colours.