Honey Bear Confections (HBC)Manufacturing Overhead Static Budget ReportFor the Month Ended June 20XX 1 answer below »

Honey Bear Confections (HBC)Manufacturing Overhead Static Budget ReportFor the Month Ended June 20XXBudgetActualVariance (U or F)Production in bags of candy10,00012,0002,000FCosts:Indirect labor$26,000$31,200$5,200USupplies$25,000$29,500$4,500UUtilities$19,000$22,500$3,500UTOTAL$70,000$83,200$13,200UThe Assignment:Part 1: Prepare a performance report using spreadsheet software, such as Excel. Hint: Read the Weekly Briefing and watch the PerformanceReport video on this topic.Part 2: For the next section of this Assignment, please utilize a word processing software (such as Word) to complete the following:Write a short memo to your supervisor explaining your findings and your recommendations.In your memo, as part of your recommendations, take a position on the following: Do all the variance in this example need to be examined? Why or why not?

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