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. B (Click the icon to view the data.) - X Data table bor efficiency variances for the month of May. 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. Ins and your final answers to the nearest whole number.) Actual Boxes produced Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 8,000 2,100,000 g 52,500 euro 1,000 11,400 euro you make any possible connection between the material and labor Standards hased Purchase price of direct materials 0.03 euros/g expensive ingredients of V quality, which resulted in experienced workers may have worked more, resuting in a Materials per box 200 g 12.10 euro/hour Wage rate Boxes per hour 10 Time Remaining: 00-51-50 Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. Label each amount as favorable (F) or unfavorable (U). ((Round all intermediary calculations and your final answers to the nearest whole number.) 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? quality, which resulted in than the standard number work pace and a than normal amount of rejects or The materials price and efficiency variances could be an indication that the company purchased expensive ingredients of of rejected units. The labor price variance suggests that experienced workers may have worked more, resuting in a waste. The company should determine the cause of the rejects. The cause could be Perhaps will help. If rejects are not the problem, employees may be