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Variable Rate per Overhead Item Total Fixed Cost Direct Labour Hour Maintenance $86,000 ...

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Accounting

Variable Rate per
Overhead Item
Total Fixed Cost
Direct Labour Hour
Maintenance
$86,000
$0.20
Power
0.45
Indirect labour
Rent
140,000
2.10
35,000
Next year, Hajiey expects production to require 90,000 direct labour hours.
Assume that actual production required 98,000 direct labour hours at standard. The actual overhead costs incurred were as follows:
Maintenance
Indirect labour
Power
Rent
$81,000
336,000
41,200
44,000
Required:
Prepare a performance report for the period based on actual production. In the variance type column, type "F" for favourable and "U" for unfavourable. If the variance is zero, enter ("0") in the variance amount column and "N" for neither in the variance type column. (Note: Be sure to use capital letters.)
Hajiey Inc.
Performance Report
image

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