Solution-Prepare a performance report for the period

Prepare a performance report for the period

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Reference no: EM13519170

Lindon Company's flexible budget for variable manufacturing overhead is given below:

	Cost Formula	6,000	8,000	10,000
Overhead costs	per DLH	DLHs	DLHs	DLHs
Supplies	$0.20	$1,200	$1,600	$2,000
Indirect labor	0.50	3,000	4,000	5,000
Utilities	0.05	300	400	500
Total overhead cost	$0.75	$4,500	$6,000	$7,500

During a recent period, the company produced 2,500 units of product using 7,600 direct labor-hours (DLHs). The standard allows 3 direct labor-hours per unit. Actual variable overhead costs incurred were:

Supplies	$1,900
Indirect labor	3,040
Utilities	570
Total overhead cost	$5,510

The company had originally budgeted to produce 2,600 units during the period using 7,800 direct labor-hours.

Required:

Prepare a performance report for the period showing only the spending variances for each overhead cost category.

Reference no: EM13519170

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Prepare a performance report for the period

Reference no: EM13519170

Reference no: EM13519170

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