Performance Report Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 6 pounds @ $0.40 per pound Direct labor 0.6 hr. @ $16.00 per hour VOH 0.5 hr. @ $2.90 FOH: Materials handling $6,280 Depreciation $2,630 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 2,630

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 $ $ $