PERFORMANCE REPORT Dagmar Company provided the following information for last year.

Master Budget Actual Data Budgeted production 3,000 2,900 units Direct materials:

3 pounds @ 0.80 per pound $6,900 Direct labor:

0.5 hr. @ $12.00 per hour 17,340 Variable overhead:

0.5 hr. @ $1.50 2,200 Fixed overhead:

Materials handling, $6,200 6,300 Depreciation, $2,600 2,600 Required:
. Calculate the budgeted amounts for each cost category listed above for the 3,000 budgeted units.
. Prepare a performance report using a budget based on expected production.
Cornerstone Exercise