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 chocolatier for the month of June. 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: qty = quantity.) Now compute the variances. (Enter the amount of the variance, then select whether it is favorable or unfavorable.) 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 the standard number of rejected units. The labor price variance suggests that experienced workers may have worked more, resuting in a than normal amount of rejects or waste. The company should determine the cause of the rejects. The cause could be will help. If rejects are not the problem, employees may be Data table 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