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Performance Report Bowling Company budgeted the following amounts: Variable costs of production:...

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Accounting

Performance Report

Bowling Company budgeted the following amounts:

Variable costs of production:
Direct materials 3 pounds @ $0.60 per pound
Direct labor 0.5 hr. @ $16.00 per hour
VOH 0.5 hr. @ $2.20
FOH:
Materials handling $6,200
Depreciation $2,600

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
VOH 4,200
FOH:
Materials handling 6,300
Depreciation

2,600

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Prepare a performance report using a budget based on the actual level of production. In the variance type column, select "F" for favorable and "U" for unfavorable. If the variance is zero, enter("O") in the variance amount column and "N" for neither in the variance type column. Bowling Company Performance Report Actual Budgeted Variance Variance Type (F or U or N Units produced Direct labor Variable overhead Fixed overhead Materials handling Depreciation Total

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