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

Next year, Cerium expects production to require 58,000 direct labor hours.

Assume that actual production required 60,000 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

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Overhead Item Maintenance Power Indirect labor Rent Total Fixed Cost $113,000 140,000 35,000 Variable Rate per Direct Labor Hour $0.20 0.68 3.70