Performance Report Master Budget Actual Data Budgeted production: 4,200 Actual...
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Accounting
Performance Report
| Master Budget | Actual Data |
| Budgeted production: 4,200 | Actual production: 4,100 units |
| Materials: | |
| 2 leather strips @ $7.00 | Materials cost: $58,700 |
| Labor: | |
| 1.5 hr. @ $18.00 | Labor cost: $112,900 |
Performance Report
Prepare a performance report using a budget based on expected production. In the variance type column, select "F" for favorable and "U" for unfavorable. If the variance is zero, enter ("0") in the variance amount column and "N" for neither in the variance type column.
| Actual | Budgeted | Variance | Variance Type ( F,U,N) | |
| units produced | 4100 | U | ||
| direct materials costs | 58700 | F | ||
| direct labor costs | 112900 | F | ||
| total | 171600 | F |
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