Performance Report

Bowling Company provided the following information for last year.

Master Budget		Actual Data
Budgeted production 3,600		3,400	units
Direct materials:
	6 pounds @ 0.8 per pound	$6,800
Direct labor:
	0.3 hr. @ $16 per hour	30,500
VOH:
	0.3 hr. @ $2.40	4,200
FOH:
	Materials handling, $6,300	6,300
	Depreciation, $2,100	2,100

1. Calculate the budgeted amounts for each cost category listed above for the 3,600 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				U
Direct materials	$	$	$	F
Direct labor				U
Variable overhead				U
Fixed overhead:
Materials handling				N
Depreciation				N
Total	$	$	$	U