Performance Report Based on Actual Production Palladium Int. produces a variety of household cleaning products. Palladium's controller has developed standard costs for the following four overhead Items: Variable Rate per Direct Overhead Item Total Fixed Cost Labor Hour Maintenance 5 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, entero Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount. It an amount is zero, unter "* and choose "Not applicable from the dropdown ist. Performance Report Actual Budgeted Variance 93,000 Direct labor hours based on actual Overhead 190.000 35,000 Rent 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 41,200 336,000 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 a favorable variance as a negative amount, and an unfavorable variance as a positive amount. It an amount is zero, enter "o" and choose "Not applicable" from the dropdown list: Performance Report Budgeted Variance Direct labor hours based on actual 93,000 Actual Overhead: Maintenance 107,000 106,000 Power 41,200 336,000 35,000 35,800 41,850 Indirect labor Rent Total overhead 519,200