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Performance Report Based on Actual Production 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 Overhead Total Fixed Item Maintenance Cost $ 113,000 Power Indirect 140,000 labor 35,000 Rent Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: $126,800 40,300 361,400 35,000 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 positiv 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: 0.68 3.70 Maintenance Power Indirect labor Rent Total overhead Performance Report Actual Budgeted* Variance $

Performance Report Based on Actual Production 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 Overhead Total Fixed Item Maintenance Cost $ 113,000 Power Indirect 140,000 labor 35,000 Rent Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: $126,800 40,300 361,400 35,000 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 positiv 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: 0.68 3.70 Maintenance Power Indirect labor Rent Total overhead Performance Report Actual Budgeted* Variance $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Performance Report Based on Actual Production 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 Overhead Total Fixed Item Maintenance Cost $ 113,000 Power Indirect 140,000 labor Rent 35,000 Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance $126,800 40,300 361,400 35,000 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 0.68 3.70 Power Indirect labor Rent Total overhead Performance Report Actual Budgeted* Variance
Transcribed Image Text:Performance Report Based on Actual Production 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 Overhead Total Fixed Item Maintenance Cost $ 113,000 Power Indirect 140,000 labor Rent 35,000 Assume that actual production required 60,000 direct labor hours at standard. The actual overhead costs incurred were as follows: Maintenance $126,800 40,300 361,400 35,000 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 0.68 3.70 Power Indirect labor Rent Total overhead Performance Report Actual Budgeted* Variance
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