Performance Report Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 8 pounds @ $0.70 per pound 0.4 hr. @ $16.50 per hour Direct labor VOH 0.3 hr. @ $2.20 FOH: Materials handling $6,250 Depreciation $2,560 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 2,560 Performance Report Prepare a performance report using a budget based on the actual level of production. In the variance typ and "U" for unfavorable. If the variance is zero, enter ("0") in the variance amount column and "N" for n column. Bowling Company Performance Report Actual Budgeted Variance Variance Type (F or U or N) Units produced Direct materials UF Direct labor Variable overhead Fixed overhead: Materials handling Depreciation Total