Performance Report

Bowling Company provided the following information for last year.

Master Budget

Actual Data

Budgeted production 4,100

3,900

units

Direct materials:

1 pounds @ 0.7 per pound

$6,800

Direct labor:

0.5 hr. @ $15.5 per hour

30,500

VOH:

0.5 hr. @ $2.30

4,200

FOH:

Materials handling, $6,500

6,300

Depreciation, $2,400

2,400

1. Calculate the budgeted amounts for each cost category listed above for the 4,100 budgeted units, then give the total below.

Direct materials

$

Direct labor

$

Variable overhead

$

Fixed overhead:

Materials handling

$

Depreciation

$

Total

$

2. Prepare a performance report using a budget based on expected 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, U, N)
Units produced
Direct materials	$	$	$
Direct labor
Variable overhead
Fixed overhead:
Materials handling
Depreciation
Total	$	$	$