Honey Bear Confections (HBC) Manufacturing Overhead Static Budget Report For the Month Ended June 20XX

Budget

Actual

Variance (U or F)

Production in bags of candy

10,000

12,000

2,000F

Costs:

Indirect labor

$26,000

$31,200

$5,200U

Supplies

$25,000

$29,500

$4,500U

Utilities

$19,000

$22,500

$3,500U

TOTAL

$70,000

$83,200

$13,200U

The Assignment:

• Part 1: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the PerformanceReport video on this topic.
• Part 2: For the next section of this Assignment, please utilize a word processing software (such as Word) to complete the following:
  • Write a short memo to your supervisor explaining your findings and your recommendations.
  • In your memo, as part of your recommendations, take a position on the following: Do all the variance in this example need to be examined? Why or why not?