Performance Report for Variable Overhead Variances

Anker Company had the data below for its most recent year, ended December 31:

Actual costs:	Numerical Data
Indirect labor	$36,000
Supplies	$3,800
Actual hours worked	1,490 hours
Units produced	10,000 units
Hours allowed for production	1,500 hours

Variable overhead standards:	Hours and Cost
Indirect labor	0.15 hr. @ $24.00
Supplies	0.15 hr. @ $2.40
Standard variable overhead rate	$26.40 per direct labor hour

Required:

Prepare a performance report that shows the variances on an item-by-item basis. Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

Anker Company Performance Report For the Year Ended December 31