TLeve My Chocolate Company makes dark chocolate and ight chocolate. Both products require cocos and sugar, The following planning informulon has been made avallable: standard Amount per Case \begin{tabular}{|c|c|c|c|} \hline 4 & DarkChecelate & LightChocolate & StandardPriceperPound \\ \hline Cosos & 11lbs. & s ibs. & 54.40 \\ \hline Super & 9an. & 13 tos. & 0.60 \\ \hline Standardlaserthe & 0.3hr. & 0.4hr & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & Dark Checelate & Light Chocolate \\ \hline Manned production & 4,900 cases & 10,100 caves \\ \hline Standard laber rinte & $15.00 per thr. & $15.00 per N. \\ \hline \end{tabular} \begin{tabular}{|c|c|c|} \hline & Dark Chotelate & Ught Chocelate \& \\ \hline \multirow{2}{*}{Actualproductipn(cases)} & 4,700 & 10,500 \\ \hline & ActualPriceperPound & ActualPoundsPurchasedandUsed \\ \hline Cotos & 14.50 & 136,400 \\ \hline \multirow[t]{2}{*}{ Sucar } & 0.55 & 174,300 \\ \hline & Actual Labor pate & Actual Labor Heurs Used \\ \hline Dark chocolete & $14.70 per hr : & 1,260 \\ \hline Light chocolate: & 15.30 per h. & 4,310 \\ \hline \end{tabular} 1. Prepare the foliowing varunce analvses for both chocolates and the totat, baved on the sctuat cesilts and production ievels at the end of the budget year: b. Direct wbor rate varance, cinct labor time variance, and total variance. Enter a favorable variance at a negative number uaing a minus sign and an unfavorable variance as a positwe number, If there is no variance, enter a zero. 2. Dhe varance analyses showid be based on the amounts at volumes. The budget munt hex with tre volume changes. If the the planned volume, as if was in trus case, then the Bubset used for performance evalusbon should reflect the change in direct materials and arect laber that wa be required for the probuction. th tvis way, spending fram valume changes can be teperated from efficiency and prise variences