I Love My 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 Chocolate Light Chocolate Standard Price per Pound Cocoa 10 lbs. 7 lbs. Sugar 8 lbs. 12 lbs. $5.20 0.60 Standard labor time 0.4 hr. 0.5 hr. Dark Chocolate Light Chocolate Planned production Standard labor rate 4,200 cases $13.50 per hr. 11,400 cases $13.50 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: Actual production (cases) Dark Chocolate Light Chocolate 4,000 11,900 Actual Price per Pound Actual Pounds Purchased and Used Cocoa $5.30 123,900 Sugar 0.55 170,400 Actual Labor Rate Actual Labor Hours Used Dark chocolate $13.00 per hr. 1,460 Light chocolate 14.00 per hr. 6,100 Required: Check My Work Previous