Question
You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given
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. (Click the icon to view the data.) Read the requirements 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.) Actual costs Incurred Actual Input qty x Budgeted price Flexible budget Direct materials Direct labor Now compute the variances. (Enter the amount of the variance, then select whether it is favorable or unfavorable.) The materials efficiency variance is The materials price variance is The labor efficiency variance is The labor price variance is Danicament 2 Diemie enmannschle naise of the variannes un haue ealeulated Canunu make su nerible connection hahunan the material and later ite
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