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Preparing a table that compares actual and budgeted values

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Reference no: EM13884714

Problem-

Honey Bear Confections is a small company dedicated to making bear-shaped sweets with honey as a sugar substitute. You have just been promoted to a position as manager of the production department at Honey Bear Confections when your supervisor shows you the following report. She asks you to prepare an analysis to fix the problem she perceived with employee productivity and efficiency. After reviewing the following information and making the necessary calculations, what would you recommend?

Honey Bear Confections

Manufacturing Overhead Static Budget Report

For the Month Ended June 20XX

 

Budget

Actual

Variance (U of 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

 

$70,000

$83,200

$13,200U

Additional information-

The problem related to Basic Accounting and it this problem preparing a table that compares actual and budgeted values of production and costs for producing candies.

Reference no: EM13884714

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