erformance Report Based on Actual Production Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed Cost Variable Rate per Direct Labor Hour Maintenance $ 86,000 $0.20 Power 0.45 Indirect labor 140,000 2.10 Rent 35,000 Next year, Palladium expects production to require 90,000 direct labor hours. Assume that actual production required 106,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance $83,000 Indirect labor $336,000 Power 41,200 Rent 45,000 Prepare a performance report for the period based on actual production. In the variance type column, select "F" for favorable and "U" for unfavorable. If the variance is zero, enter ("0") in the variance amount column and "N" for neither in the variance type column. Enter negative values for negative numbers. Palladium Inc. Performance Report Actual Budgeted Variance Variance Type (F or U or N) Direct labor hours based on actual 106,000 90,000 16,000 F Variable overhead: Maintenance $ 83,000 $ $ Power 41,200 Indirect labor 336,000 Rent 45,000 Total overhead $ $ $