Please only answer one's with RED x's. Thank you! 2. Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter a favorable variance as a negative amount, and anunfavorable variance as a positive amount. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown list.Healthy Pet CompanyPerformance Report - OverheadFor the Current YearActualBudgetedVarianceUnits produced190,000 x160,000 XNot applicableProduction unit:Maintenance81,3002$80,750$550UnfavorablePower18,70018,800100X FavorableIndirect labor143,600142,2001,400UnfavorableRent39,00039,000Not applicable Ladan Suriman, controller for Healthy Pet Company, has been instructed to develop a flexible budget for overhead costs. The company produces two types of dog food. BasicDiet is astandard mixture for healthy dogs. SpecialDiet is a reduced protein formulation for older dogs with health problems. The two dog foods use common raw materials in different proportions.The company expects to produce 80,000 bags of each product during the coming year. BasicDiet requires 0.20 direct labor hour per bag, and SpecialDiet requires 0.30 direct labor hour perbag. Ladan has developed the following fixed and variable costs for each of the four overhead items:Variable Rate per DirectOverhead ItemFixed CostLabor HourMaintenance$ 57,250$0.50Power0.40Indirect labor43,5002.10Rent39,000Assume that Healthy Pet actually produced 100,000 bags of BasicDiet and 90,000 bags of SpecialDiet. The actual overhead costs incurred were as follows:Maintenance$81,300Power18,700Indirect labor$143,600Rent39,000Required:1. Calculate the number of direct labor hours budgeted for actual production of the two products.47,000hours

The variance is the difference between the actual data and standard output of the production.

Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter a favorable variance as a negative amount, and a afavorable variance as a positive amount. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown list. Healthy Pet Company Performance Report - Overhead For the Current Year Actual Budgeted Variance nits produced 190,000 x 160,000 x V Not applicable roduction unit: Maintenance 81,300 80,750 550 V Unfavorable Power 18,700 18,800 100 X Favorable Indirect labor 143,600 142,200 V 1,400 V Unfavorable Rent 39,000 39,000 v V Not applicable

Prepare a performance report for the period based on actual production. If an amount box does not require an entry, enter "0". Enter a favorable variance as a negative amount, and a afavorable variance as a positive amount. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown list. Healthy Pet Company Performance Report - Overhead For the Current Year Actual Budgeted Variance nits produced 190,000 x 160,000 x V Not applicable roduction unit: Maintenance 81,300 80,750 550 V Unfavorable Power 18,700 18,800 100 X Favorable Indirect labor 143,600 142,200 V 1,400 V Unfavorable Rent 39,000 39,000 v V Not applicable

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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