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Use this information to answer the next few questions: We know the following information for Gummy Bears Inc (Note: your class problem should be helpful

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Use this information to answer the next few questions: We know the following information for Gummy Bears Inc (Note: your class problem should be helpful here if you are stuck!) Total Units of Product Produced: 40,000 Direct Materials Direct Labor Factory OH Actual Costs 115,500 lbs @ $3.25 per Ib 11,700 hours @ $25.00 per bs Standard Costs 120,000 lbs @ $3.20 per lb 12,000 hours @ $24.40 per be 100% of Capacity: 15,000 hours Variable Rate: $8.00/hour Floed Rate: $10,00/hour $91,200 Variable Cost $150,000 Fixed Cost Each Unit that we produce requires 0.3 hour of direct labor al 18.12 Points) Calculate the Factory Overhead Controllable Variance (Variable) AND state why it is Favorable or Unfavorable: 1 17.(2 points) Calculate the Factory Overhead Volume Varianoe (Fixed) AND state why it is Favorable or Unfavorable bor DAI Vari

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