o 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 Direct materials Direct labor Now compute the variances and label each amount as favorable (F) or unfavorable (U). The materials efficiency variance is ? Choose from any list or enter any number in the input fields and then continue to the next question. You have been invited to interview for an internship with an international food manufacturing company. V you arrive for the interview, you are given the following information related to a fictitious Belgian chocolat the month of June. (Click the icon to view the data.) Read the requirements incurred Budgeted price Flexible budget Direct materials Direct labor Now compute the variances and label each amount as favorable (F) or unfavorable (U). The materials efficiency variance is The materials price variance is The labor efficiency variance is The labor price variance is Requirement 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? Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later The labor price variance is Requirement 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? The materials price and efficiency variances could be an indication that the company purchased expensive ingredients of quality, which resulted in than the standard number of rejected units. The labor price variance suggests that experienced workers may have worked more, resuting in work pace and a than normal amount of rejects or waste, The company should determine the cause of the rojects. The cause could be Perhaps will help. If rejects are not the problem, employees may be a Choose from any list or enter any number in the innut fields and then contin S. 0 Requirements X al ng cus 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? ria und di ork Print Done ddl Perhaps employees may be sst or enter any number in the input fields and then continue to the next question. 2 of 2 0 Data Table X 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 qu 10,000 2,150,000 g Actual Boxes produced Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 60,200 euro 1,100 12,650 euro asf 0.03 euros/g Standards Purchase price of direct materials Materials per box Wage rate Boxes per hour 200 g 12.00 euro/hour 10 inpu Print Done 22 etv s 20 DOD F3 F4 FG F7 % n & * 4 5 6 7 8