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. what is the budgeted amounts for each cost category listed above for the 4,000 budgeted units?

2.Fill in 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".

Actual Budgeted Variance

Units produced

Direct materials $

Direct labor

Variable overhead

Fixed overhead:

Materials handling

Depreciation

Total

3.. Fill in performance report using a budget based on the actual level of production of 3,800 units.

ActualBudgetedVariance

Units produced

Direct materials $

Direct labor

Variable overhead

Fixed overhead:

Materials handling

Depreciation

Total