Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead items: Variable Rate per Direct Overhead Item Total Fixed Cost 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 "o". 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 X Favorable Overhead: Maintenance Power 41,200 X Favorable X Favorable X Favorable X Favorable Indirect labor 336,000 Rent 35,000 Total overhead X $ X X Favorable X Check My Work 2 more Check My Work uses remaining Previous