performance Report

Bowling Company budgeted the following amounts:

Variable costs of production:
		Direct materials	10 pounds @ $0.20 per pound
		Direct labor	0.4 hr. @ $16.00 per hour
		VOH	0.4 hr. @ $2.20
FOH:
		Materials handling	$6,310
		Depreciation	$2,550

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	2,550

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					$	$	$