Refer to the information for Ionia Inc. above. Assume that Ionia€™s actual production required 142,000 direct labor hours at standard. The actual overhead costs incurred were as follows:

Ionia Inc. produces a variety of shampoos, conditioners, and hair care products. Ionia€™s controller has developed standard costs for the following four overhead items:

Next year, Ionia expects production to require 140,000 direct labor hours.
Required:
Prepare a performance report for the period based on actual production.

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$202,000 dct labor Maintenance Power $426,100 30,000 63,000 Rent Overhead Item Maintenance Power Indirect labor Rent Total Fixed Cost $173,000 128,000 Variable Rate per Direct Labor Hour $0.20 0.45 2.10 30,000