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Palladium Inc. produces a variety of household cleaning products. Palladiums controller has developed standard costs for the following four overhead items: Overhead Item Total Fixed

Palladium Inc. produces a variety of household cleaning products. Palladiums 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

Assume that actual production required 93,000 direct labor hours at standard. The actual overhead costs incurred were as follows:

Maintenance $107,000
Power 41,200
Indirect labor 336,000
Rent 35,000

Required:

Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown list.

Performance Report
Actual Budgeted Variance
Direct labor hours based on actual

FavorableUnfavorableNot applicable

Overhead:
Maintenance

FavorableUnfavorableNot applicable

Power

FavorableUnfavorableNot applicable

Indirect labor

FavorableUnfavorableNot applicable

Rent

FavorableUnfavorableNot applicable

Total overhead

FavorableUnfavorableNot applicable

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