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Performance Report Based on Actual Production Palladium Inc. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following

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Performance 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 Maintenance $ 86,000 Power Indirect labor 140,000 Rent 35,000 Variable Rate per Direct Labor Hour $0.20 0.45 2.10 Assume that actual production required 93,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance $107,000 Power Indirect labor Rent 41,200 336,000 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. Direct labor hours based on actual Overhead: Maintenance Power Indirect labor Rent Total overhead Performance Report Actual Budgeted Variance

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