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Flexible Budgeting and Variance Analysis Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has

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Flexible Budgeting and Variance Analysis Belgian 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 Dark Light Chocolate 6 lbs 11 lbs. 0.60 hr Standard Price per Chocolate Pound Cocoa Sugar Standard labor $5.30 7 lbs 0.50 hr 0.60

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