Performance Report Based on Actual Production

1.)))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 98,000 direct labor hours at standard. The actual overhead costs incurred were as follows:

Maintenance	$80,000		Indirect labor	$336,000
Power	41,200		Rent	42,000

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
Variable overhead:
Maintenance	$	$	$
Power
Indirect labor
Rent
Total overhead	$	$	$

2.))) Rostand Inc. operates a delivery service for over 70 restaurants. The corporation has a fleet of vehicles and has invested in a sophisticated, computerized communications system to coordinate its deliveries. Rostand has gathered the following actual data on last year's delivery operations:

Deliveries made:	37,300
Direct labor:	30,000 delivery hours @ $9.00
Actual variable overhead:	$156,700

Rostand employs a standard costing system. During the year, a variable overhead rate of $5.20 per hour was used. The labor standard requires 0.80 hour per delivery.

Required:

Calculate the variable overhead efficiency variance. Round your answer to the nearest dollar.

3.)))Chesley Company is planning to produce 2,700,000 power drills for the coming year. The company uses direct labor hours to assign overhead to products. Each drill requires 0.4 standard hour of labor for completion. The total budgeted overhead was $1,981,200. The total fixed overhead budgeted for the coming year is $1,325,400. Predetermined overhead rates are calculated using expected production, measured in direct labor hours. Actual results for the year are:

Actual production (units)	2,570,000	Actual variable overhead	$645,500
Actual direct labor hours (AH)	1,536,300	Actual fixed overhead	$1,400,000

Required:

Calculate the fixed overhead spending variance. Do not round intermediate calculations. If required, round final answer to the nearest dollar.