Complete and analyze a performace report
One subunit of ABBA Company had following financial results last month:
| |
Actual
|
Flexible Budget
|
Flexible Budget Variance
(U or F)
|
% Variance (U of F)
|
|
Direct materials
|
$30,000
|
$28,000
|
|
|
|
Direct Labor
|
15,000
|
14,000
|
|
|
|
Indirect Labor
|
25,000
|
22,000
|
|
|
|
Utilities
|
12,000
|
10,000
|
|
|
|
Depreciation
|
25,000
|
25,000
|
|
|
|
Repairs and maintenance
|
4,000
|
5,000
|
|
|
|
Total
|
$111,000
|
$104,000
|
|
|
Requirements
1.Complete the performance evaluation report for this subunit (round to four decimals)