The standard cost sheet for a product is shown.

Manufacturing Costs Standard price Standard Quantity Standard Cost per unit

Direct materials $4.70 per pound 5.80 pounds $ 27.26

Direct labor $12.32 per hour 2.40 hours $ 29.57

Overhead $2.40 per hour 2.40 hours $ 5.76

$ 62.59

The company produced 3,000 units that required:

17,900 pounds of material purchased at $4.55 per pound

7,140 hours of labor at an hourly rate of $12.72 per hour

Actual overhead in the period was $17,690

Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the nearest dollar. However, do not round your intermediate calculations.

Budget Performance Report

Manufacturing Costs:

3,000 units

Actual Costs Standard Costs Variance

(Favorable)/Unfavorable

Direct materials $81,445 $_____________ $_____________

Direct labor _____________ 88,704 ______________

Overhead 17,690 ____________ ____________

$____________ $___________ $2,192