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: Variable Rate per Direct Item Total Fixed Cost Labor Hour Maintenance Power Indirect labor Rent $ 86,000 $0.20 0.45 2.10 140,000 35,000 Assume that actual production required 93,000 direct labor hours at standard. The actual overheed costs incurred were as follows Maintenance Power Indirect labor Rent Required: $107,000 41,200 336,000 35,000 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 "O" and choose "Not applicable" from the dropdown list. 336,000 Indirect labor Rent 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. 35,000 Performance Report Actual Budgeted Variance Direct labor hours based on actual Variable overhead: Maintenance Power Indirect labor Rent Total overhead