Potter Company provided the following information:

Standard variable overhead rate (SVOR) per direct labor hour..................$5.00

Actual variable overhead costs:

Inspection...........................................................................$162,000

Power................................................................................$220,600

Actual direct labor hours worked (AH) ..........................................77,000

Actual production in units...........................................................25,000

Standard hours (SH) allowed for actual units produced........................75,000

VOH:

Inspection..................................................................3 hours @ $2.00

Power........................................................................3 hours @ $3.00

Required:

Prepare a performance report that shows the variances for each variable overhead item (inspection and power).