answer to requirement 1

and questions 1 and 2 please

You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given the following information related to a fictitious Belgian chocolatier for the month of June. (Click the icon to view the data.) Read the requirements Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May In order to calculate the variances complete the following table. (Round your final answer to the nearest whole number Abbreviation used: aty = quantity.) Actual input aty Actual costs incurred Budgeted price Flexible budget X Direct materials arri Data table The chocolatier manufactures truffles in 12-piece boxes. The production is labor intensive, and the delicate nature of the chocolate requires a high degree of skill s for Actual mbe Boxes produced Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 9,500 2,000,000 g 74,000 euro 1,300 15,210 euro Standards Purchase price of direct materials Materials per box Wage rate Boxes per hour 0.04 euros/g 200 g 12.10 euro/hour 10 Print Done Ip- Clear all Check Mac Requirements Please respond to the following questions as if you were in an interview situation: 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of June. 2. Discuss some possible causes of the variances you have calculated. Can you make any possible connection between the material and labor variances? What recommendations do you have for future improvement? Print Done