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   Performance Report for Variable Variances

   Humo Company provided the following information:

   Standard variable overhead rate (SVOR) per direct labor hour		$4.07
   Actual variable overhead costs:
   Inspection		$123,300
   Power		$104,600
   Actual direct labor hours worked (AH)		61,200
   Actual production in units		15,000
   Standard hours (SH) allowed for actual units produced		60,000

   VOH:

   Inspection		4 hours @ $2.20
   Power		4 hours @ $1.87

   Required:

   Prepare a performance report that shows the variances for each variable overhead item (inspection and power). If an amount box does not require an entry, enter "0". Enter a favorable variance as a negative amount, and an unfavorable variance as a positive amount.

   Budget for

   Budget for

   Overhead Cost Item

   Cost Formula

   Actual Cost

   Actual Hours

   Spending Variance

   Standard Hours

   Efficiency Variance

   Inspection

   $fill in the blank 1

   $fill in the blank 2

   $fill in the blank 3

   $fill in the blank 4

   FavorableUnfavorable

   $fill in the blank 6

   $fill in the blank 7

   FavorableUnfavorable

   Power

   $fill in the blank 9

   $fill in the blank 10

   $fill in the blank 11

   $fill in the blank 12

   FavorableUnfavorable

   $fill in the blank 14

   $fill in the blank 15

   FavorableUnfavorable

   Total

   $fill in the blank 17

   $fill in the blank 18

   $fill in the blank 19

   $fill in the blank 20

   FavorableUnfavorable

   $fill in the blank 22

   $fill in the blank 23

   FavorableUnfavorable