The Hershey Chocolate Company uses standard costs and a flexible budget to control its manufacture of fine chocolates. The purchasing agent is responsible for material price variances, and the manager is responsible for all other variances Operating data for the past week are summarized as follows: Finish units produced. 2,900 boxes of chocolates Direct materials Purchased and used. 3.400 pounds of chocolate at 17 3 Swiss francs (CHF) pound. standard price is CHF 18 per pound. Standard allowed per box produced is 1 pound. Direct labor Actual costs. 3.925 hours at CHF 38 6 or CHF 151,505. Standard allowed per has produced is 1.25 hours Standard price per direct -labor hour is CHF 38 Variable manufacturing overhead Actual costs. CHF 46.675. Budget formula is CHF 11 per standard direct-labor hour Compute the following Materials purchase -price variance Materials quantity variance Direct-labor price variance Direct-labor quantity variance