Performance Report Based on Actual Production

Palladium Inc. produces a variety of household cleaning products. Palladiums 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

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 "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.

	Performance Report
	Actual	Budgeted	Variance
Direct labor hours based on actual	fill in the blank 1	fill in the blank 2	fill in the blank 3
Overhead:
Maintenance	$fill in the blank 5	$fill in the blank 6	$fill in the blank 7
Power	fill in the blank 9	fill in the blank 10	fill in the blank 11
Indirect labor	fill in the blank 13	fill in the blank 14	fill in the blank 15
Rent	fill in the blank 17	fill in the blank 18	fill in the blank 19
Total overhead	$fill in the blank 21	$fill in the blank 22	$fill in the blank 23