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Performance Report Based on Budgeted and Actual Levels of Production Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 3 pounds @

Performance Report Based on Budgeted and Actual Levels of Production

Bowling Company budgeted the following amounts:

Variable costs of production:
Direct materials 3 pounds @ $0.60 per pound
Direct labor 0.5 hr. @ $16.00 per hour
VOH 0.5 hr. @ $2.20
FOH:
Materials handling $6,200
Depreciation $2,600

At the end of the year, Bowling had the following actual costs for production of 3,800 units:

Direct materials $6,800
Direct labor 30,500
VOH 4,200
FOH:
Materials handling 6,300
Depreciation $2,600

Required:

1. Calculate the budgeted amounts for each cost category listed above for the 4,000 budgeted units. $

2. Prepare a performance report using a budget based on expected production of 4,000 units. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter "0" then select for "Not applicable".

Bowling Company
Performance Report
Actual Budgeted Variance
Units produced
Direct materials $ $ $
Direct labor
Variable overhead
Fixed overhead:
Materials handling
Depreciation
Total $ $ $

3. Prepare a performance report using a budget based on the actual level of production of 3,800 units. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number and if there is no entries enter "0" then select for "Not applicable".

Bowling Company
Performance Report
Actual Budgeted Variance
Units produced
Direct materials $ $ $
Direct labor
Variable overhead
Fixed overhead:
Materials handling
Depreciation
Total $ $ $

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