Refer to Cold Cream Company Required:
A

Essay

Refer to Cold Cream Company. Assume the ccompany actually produced 240,000 L of Icy and 200,000 of Tasty. The actual overhead costs incurred were: $$\begin{array} { l l } \text { Maintenance } & \$ 192,000 \\\text { Power } & 181,700 \\\text { Indirect labour } & 649,500 \\\text { Rent } & 54,000\end{array}$$ Required:
A. Prepare a performance report for the period.
B. Based on the report, would you judge any of the variances to be significant? Discuss some possible reasons for the variances.