Performance Report Bowling Company budgeted the following amounts: Variable costs of production: Direct materials 7 pounds @ $0.60 per pound Direct labor 0.6 hr. @ $16.50 per hour VOH 0.6 hr. @ $2.80 FOH: Materials handling $6,320 Depreciation $2,570 FOH: Materials handling $6,320 Depreciation $2,570 At the end of the year, Bowling had the following actual costs for production of 3,800 units: Direct materials $6,800 Direct labor 30,500 4,200 Variable overhead Fixed overhead: Materials handling 6,300 Depreciation 2,570 Actual Budgeted Variance Variance Type (For U or N) Units produced Direct materials Direct labor Variable overhead Fixed overhead: Materials handling Depreciation Total