A 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
	Dark Chocolate		Light Chocolate		Standard Price per Pound
Cocoa	12 lbs.		9 lbs.		$4.50
Sugar	10 lbs.		14 lbs.		0.60
Standard labor time	0.3 hr.		0.4 hr.

	Dark Chocolate		Light Chocolate
Planned production	5,600 cases		10,700 cases
Standard labor rate	$15.00 per hr.		$15.00 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
Actual production (cases)	5,300		11,100
	Actual Price per Pound		Actual Pounds Purchased and Used
Cocoa	$4.60		164,300
Sugar	0.55		203,200
	Actual Labor Rate		Actual Labor Hours Used
Dark chocolate	$14.70 per hr.		1,450
Light chocolate	15.30 per hr.		4,550

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. If there is no variance, enter a zero.

Required: 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. 1. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If there is no variance, enter a zero Direct materials price variance Direct materials quantity variance Total direct materials cost variance Unfavorable Unfavorable Unfavorable a. Unfavorable Favorable Unfavorable b Direct labor rate variance Direct labor time variance Total direct labor cost variance