Please show your work. I am completely unsure as to what I am doing incorrectly.

Obj. 1, 2, 3 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 $7.25 12 lbs. 10 lbs. 0.50 hr. Sugar Standard labor time 8 lbs. 14 lbs. 0.60 hr. 1.40 Dark Chocolate Light Chocolate Planned production Standard labor rate 4,700 cases $15.50 per hr. 11,000 cases $15.50 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: Dark Chocolate Light Chocolate Actual production (cases) 5,000 10,000 Cocoa Sugar Actual Price per Pound $7.33 1.35 Actual Pounds Purchased and Used 140,300 188,000 Actual Labor Rate Actual Labor Hours Used Dark chocolate Light chocolate $15.25 per hr. 15.80 per hr 2,360 6,120 1. Prepare the following variance analyses for both chocolates and the total, based on the actual results and production levels at the end of the budget year. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. a. Direct materials price variance, direct materials quantity variance, and total variance. b. Direct labor rate variance, direct labor time variance, and total variance. a. Direct materials price variance $ 1,824 Unfavorable Direct materials quantity variance $ -47,925 X Favorable Favorable X Total direct materials cost variance $ -46,101 X b. Direct labor rate variance 1,246 Unfavorable Favorable Direct labor time variance -7,285 X Total direct labor cost variance -6,039 X Favorable x 2. The variance analyses should be based on the standard amounts at actual the change in direct materials and direct labor that will be required for the actual volumes. The budget must flex with the volume changes. If the actual volume is different from the planned volume, as it was in this case, then the budget used for performance evaluation should reflect production. In this way, spending from volume changes can be separated from efficiency and price variances