Chapter 9, Problem 64E

Use the following information for Exercises 9-63 and 9-64:

Palladium Inc. produces a variety of household cleaning products. Palladium’s controller has developed standard costs for the following four overhead items:

Next year, Palladium expects production to require 90,000 direct labor hours.

Exercise 9-64 Performance Report Based on Actual Production

Refer to the information for Palladium Inc. above. Assume that actual production required 93,000 direct labor hours at standard. The actual overhead costs incurred were as follows:

Required:

Prepare a performance report for the period based on actual production.