Performance Report

Master Budget	Actual Data
Budgeted production: 4,200	Actual production: 4,100 units
Materials:
2 leather strips @ $7.00	Materials cost: $58,700
Labor:
1.5 hr. @ $18.00	Labor cost: $112,900

Performance Report

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.

	Actual	Budgeted	Variance	Variance Type ( F,U,N)
units produced	4100			U
direct materials costs	58700			F
direct labor costs	112900			F
total	171600			F