Refer to the information provided in Exercise 11-32. Assume that CHC’s actual production required 156,000 direct labor hours at standard. The actual overhead costs incurred were as follows:

            Maintenance         $207,800
            Power                        63,000
            Indirect labor          435,000
            Rent                          28,000

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

Data From Exercise 11-32:

CHC, Inc., produces a variety of shampoos, conditioners, and hair care products. CHC’s controller has developed standard costs for the following four overhead items:

Next year, CHC expects production to require 150,000 direct labor hours.

Required:
  1.  Prepare an overhead budget for the expected level of direct labor hours for the coming year.
  2.  Prepare an overhead budget that reflects production that is 15 percent higher than expected, and for production that is 15 percent lower than expected.