Performance Report

Bowling Company budgeted the following amounts:

Variable costs of production:
	Direct materials	6 pounds @ $0.20 per pound
	Direct labor	0.6 hr. @ $15.50 per hour
	VOH	0.4 hr. @ $2.60
FOH:
	Materials handling	$6,300
	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
Variable overhead		4,200
Fixed overhead:
	Materials handling	6,300
	Depreciation	2,600

Prepare a performance report using a budget based on the actual level of production. In the variance type column, select "F" for favorable and "U" for unfavorable. If the variance is zero, enter ("0") in the variance amount column and "N" for neither in the variance type column.

Bowling Company
Performance Report
	Actual	Budgeted	Variance	Variance Type (F or U or N)
Units produced
Direct materials	$	$	$
Direct labor
Variable overhead
Fixed overhead:
Materials handling
Depreciation
Total	$	$	$