Indirect labor Rent Required: Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive amount, including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop down list. Direct labor hours based on actual Overhead: Maintenance 35,000 Power Performance Report Actual Budgeted Variance Favorable Lavorable Eerorable

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter9: Profit Planning And Flexible Budgets
Section: Chapter Questions
Problem 64E: Use the following information for Exercises 9-63 and 9-64: Palladium Inc. produces a variety of...
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Indirect labor
Rent
Required:
Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive
amount, including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop
down list.
Direct labor hours based on actual
Overhead:
35,000
Maintenance
Power
Indirect labor
Rent
Total overhead
Performance Report
Actual
Budgeted
Variance
Favorable
Favorable
Lavorable
Lavorable
Favorable
Previous
Transcribed Image Text:Indirect labor Rent Required: Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive amount, including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop down list. Direct labor hours based on actual Overhead: 35,000 Maintenance Power Indirect labor Rent Total overhead Performance Report Actual Budgeted Variance Favorable Favorable Lavorable Lavorable Favorable Previous
Cerium Inc. produces a variety of household cleaning products. Cerium's controller has developed standard costs for the following four overhead items:
Variable Rate per Direct
Labor Hour
$0.20
0.68
3.70
Overhead Item Total Fixed Cost
Maintenance
$ 113,000
Power
Indirect labor
Rent
140,000
35,000
Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows:
Maintenance
Power
Indirect labor
Rent
Required:
Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive
amount, Including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop
down list.
Direct labor hours based on actual
Overhead
Maintenance
$126,800
40,300
361,400
35,000
Power
Performance Report
Actual
Budgeted* Variance
Favorable
Favorable
Favorable
Transcribed Image Text:Cerium Inc. produces a variety of household cleaning products. Cerium's controller has developed standard costs for the following four overhead items: Variable Rate per Direct Labor Hour $0.20 0.68 3.70 Overhead Item Total Fixed Cost Maintenance $ 113,000 Power Indirect labor Rent 140,000 35,000 Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance Power Indirect labor Rent Required: Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter all values as a positive amount, Including variances. If an amount is zero, enter "0" and choose "Not applicable", otherwise choose favorable or unfavorable from the drop down list. Direct labor hours based on actual Overhead Maintenance $126,800 40,300 361,400 35,000 Power Performance Report Actual Budgeted* Variance Favorable Favorable Favorable
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