Performance Report Based on Actual Production Palladium Inc. produces a variety of household deaning products. Palladium's controller has developed standard costs for the following four overhead tem Variable Ratepec Overhead Item Total Fixed Cost Labes How Maintenance $36.000 $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 afwerable variance as a negativement and an unfavorable variances poutive amount IF an amount is er, enter and choose "Not applicable from the dropdownlist Performance Report Actual Budgeted Variance Direct labor hours based on actual 93.000 140,000 X Favorable Overhead Maintenance 94.000 x 107.000 X 14.000 X Favorable Power 41.2007 41.200 8,300 X Indirect labore 336.000 x Favorable Rent 35.000 Favorable Activate Windows