$($refer to photo$)$ Performance Report Based on Actual Production

Cerium Inc. produces a variety of household cleaning products. Cerium's controller has developed standard costs for the following four overhead items:

Assume that actual production required $60,000$ direct labor hours at standard. The actual overhead costs incurred were as follows:

Required:

Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter $"0".$ Enter all values as a positive

amount, including variances. If an amount is zero, enter $"0"$ and choose "Not applicable", otherwise choose favorable or unfavorable from the drop

down list.

Performance Report