Question: Anker Company had the data below for its most recent year, ended December 31: Required: Prepare a performance report that shows the variances on an

Anker Company had the data below for its most recent year, ended December 31:

Required:
Prepare a performance report that shows the variances on an item-by-item basis.

Variable overhead standards: Indirect labor Supplics Standard variable overhead rate Actual costs: Indirect labor Supplies Actual hours worked Units produced Hours allowed for production 0.15 hr. @$24.00 0.15 hr. @ $2.40 $26.40 per direct labor hour $36,000 $3,800 1.490 hours 10,000 units 1,500 hours

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