=+Cocoa Delights Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Cocoa Delights Chocolate had the following actual results:

Dark Chocolate Light Chocolate Actual production (cases) 2,800 5,500 Actual Price per Pound Actual Pounds Purchased and Used Cocoa $4.65 76,900 Sugar 0.55 97,500 Actual Labor Rate Actual Labor Hours Used Dark chocolate $14.25 per hr. 960 Light chocolate 14.25 per hr. 2,780 Instructions 1. Prepare the following variance analyses, based on the actual results and production levels at the end of the budget year: