Smokey Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour	$3.70
Actual variable overhead costs:
Inspection	$112,300
Power	$95,600
Actual direct labor hours worked (AH)	56,200
Actual production in units	14,000
Standard hours (SH) allowed for actual units produced	56,000
VOH:
Inspection	4 hours @ $2.00
Power	4 hours @ $1.70

	Required:
	Prepare a performance report that shows the variances for each variable overhead item (inspection and power).

Prepare a performance report that shows the variances for each variable overhead item (inspection and power). (Note: Enter both Actual and Budgeted amounts as positive amounts. The variancs amounts can be entered as a positive or a negative. In the variance type column (Varance), type "F" for favorable and "U" for unfavorable. If there is no variance enter "N" for neither in the varlance type column.) Score: 50/78 Smokey Company Performanoe Report for Variable Variances Budget for Spending Variance Budget for Efficiency Variance Budget for Actual Hours Budget @ Standard Hours Overhead Cost Item Cost Formula Actual Cost Variance (U, F or N) Variance (U, F or N) Inspection Power Total $2.00$112300.00$112400.00 595,540.00 $707,94000 $100.00 F 6000 U $16000U $95,200.00 95,200.00 $190,400.00 $17,200.00 U 340.00F $17,540.00U 1.70 95,600.00 $3.70 $207,900.00 R Points:15.38 24