Questions 15-18

Grubber Candy Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 galon batch of Choco Milk chocolate (2 pounds $0.85 per pound) Direct labor (1.25 hours$12.00 per hour) Variable overhead (1.25 hours $44.00 per hour) Standard Cost Per Batch $ 1.70 $ 15.00 $ 55.00 Variable manufacturing overhead at Grubber is applied based on direct labor hours. The actual results for last month were as follows: Number of batches produced Direct labor-hours incurred Pounds of chocolate purchased Pounds of chocolate used in production Cost of chocolate purchased Direct labor cost Variable manufacturing overhead cost 3,800 4,510 9,000 7,880 $ 7.200 $ 53.218 s 205,700 15) What is Choco's MPV? 16) What is Choco's MOV