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Even better produces gummy worms that it sells in pocket

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Reference no: EM13581594

Problem 3 - Even Better produces gummy worms that it sells in pocket size boxes. It uses direct labor hours as the cost driver for overhead and employs a standard costing system. The following information is provided by the company's controller:

Actual Data

Budgeted/Standard Data

Snacks produced

14,220 boxes

Budgeted snacks

14,150 boxes

Materials purchased

4,750 lbs. for a total of $32,775

Direct material standard

0.35 lb. @ $7.00 per lb.

Materials used

4,560 lbs.

Direct labor standard

0.5 hours @ $12.05 per hour

Direct labor worked

7,520 hrs. costing $91,368

Total variable overhead

$39,050

Overhead total costs

Fixed $51,740; Variable $38,270

Total fixed overhead

$51,120







  1. Labor efficiency variance
  2. Labor flexible budget variance
  3. Materials quantity variance
  4. Materials price variance
  5. Standard cost
  6. Variable overhead rate
  7. Variable OH efficiency variance
  8. Variable OH flexible budget variance
  9. Variable OH spending variance
  10. Variable OH production volume variance
  11. Variable overhead under or overapplied amount
  12. Fixed OH efficiency variance
  13. Fixed OH flexible budget variance
  14. Total fixed overhead variance
  15. Fixed OH spending variance
  16. Fixed OH production volume variance
  17. Variable overhead under or overapplied amount

Reference no: EM13581594

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