Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
image text in transcribed
image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Are You Legal A Personal Legal Audit And Empowerment Tool

Authors: Nelson P. Miller

1st Edition

099055533X, 978-0990555339

More Books

Students also viewed these Accounting questions

Question

6. Show that E(F G) = EF EG.

Answered: 1 week ago

Question

How is the NDAA used to shape defense policies indirectly?

Answered: 1 week ago