Cerium Inc. produces a variety of household cleaning products. Cerium's controller has developed standard costs for the following four overhead items: Variable Rate per Direct Overhead Item Total Fixed Cost Maintenance Power $113,000 Indirect labor 140,000 Rent 35,000 Labor Hour $0.20 0.68 3.70 Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance Power Indirect labor Rent Required: $126,800 40,300 361,400 35,000 Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive amount, Including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop down list. Performance Report Direct labor hours based on actual Overhead: Maintenance Power Actual Budgeted Variance Favorable Favorable Favorable Indirect labor Rent Required: 35,000 Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive amount, including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop down list. Performance Report Direct labor hours based on actual Overhead Maintenance Power todirect labor Rent Total overhead Actual Budgeted Variance Favorable Favorable Favorable Favorable Favorable Eaverable Previous