Flexible Budgeting and Variance Analysis I Love My Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available: Standard Amount per Case Light Chocolate 7 lbs. 12 lbs. 0.5 hr. Cocoa Sugar Standard labor time Planned production Standard labor rate. Actual production (cases) Dark Chocolate Light Chocolate 13,900 cases $13.50 per hr. I Love My Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, I Love My Chocolate Company had the following actual results: Dark Chocolate Light Chocolate Cocoa Sugar 10 lbs. 8 lbs. 0.4 hr. Dark Chocolate 5,600 cases $13.50 per hr. 5,300 Actual Price per Pound. $5.50 0.55 Actual Labor Rate Standard Price per Pound $5.40 0.60 $13.10 per hr. 13.90 per hr. 14,500 Actual Pounds Purchased and Used 155,300 211,000 Actual Labor Hours Used 1,930 7,430 Dark chocolate Light chocolate Required: 1. Prepare the following variance analyses for both chocolates and the total, based on the actual results and production levels at the end of the budget year: a. Direct materials price variance, direct materials quantity variance, and total variance. b. Direct labor rate variance, direct labor time variance, and total variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance

Please don't use chat gpt and other ai other wise I give multiplie downvote Which of the following is sometimes called a currently attainable standard? O a. par b. normal standard O c. theoretical standard d. ideal standard

As a Chief financial officer (CFO) recommend three actions you could take regarding the company's supply chain to reduce manufacturing cost of direct materials?  Which of the three would be your priority and why?

Does a user view always require multiple tables to support it? Explain.

Write me a human paragraph without using Al about what a memorandoms of understanding is and how it is used

The easiest way to change the order in a chart is in the __________.   Multiple Choice   underlying spreadsheet   slicer   chart options   chart itself