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Lindon Company's flexible budget for variable manufacturing overhead is given below:
Cost Formula
6,000
8,000
10,000
Overhead costs
per DLH
DLHs
Supplies
$0.20
$1,200
$1,600
$2,000
Indirect labor
0.50
3,000
4,000
5,000
Utilities
0.05
300
400
500
Total overhead cost
$0.75
$4,500
$6,000
$7,500
During a recent period, the company produced 2,500 units of product using 7,600 direct labor-hours (DLHs). The standard allows 3 direct labor-hours per unit. Actual variable overhead costs incurred were:
$1,900
3,040
570
$5,510
The company had originally budgeted to produce 2,600 units during the period using 7,800 direct labor-hours.
Required:
Prepare a performance report for the period showing only the spending variances for each overhead cost category.
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