Flexible Budgeting and Variance Analysis Sharon's Delights Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar, The following olanning information has been made avallable: Sharon's Dellghts Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Sharons Delighis Chocolate Company had the following octual results: Enter a favorable variance as a negative number using a minus sign and an unfovorable variance as a positive number. 2. The variance analries should be based on the amounts at volumes. The bodyet must flex wikn the volume charges. If the volume is different from the planned volurne, is it was in this case, then the budg t used for performancit rraluation should reflect the changet in direct muterals and dised labor that wir be recaind for the production. in this way, spending tram vohume changer can be separated from efficiency and price variances