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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: Maintenance 35,000 Power Performance Report Actual Budgeted Variance Favorable Lavorable Eerorable

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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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