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.) 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 input ty Actual costs incurred Budgeted price Flexible budget Direct materials Direct labor 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. Actual 10,000 Boxes produced Direct materials used in production 2,150,000 g 60,200 euro Actual direct material cost 1,100 Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 12,650 euro Standards Purchase price of direct materials Materials per box 0.03 euros/g 200 g Wage rate 12.00 euro/hour Boxes per hour 10 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 V expensive ingredients of of rejected units. The labor price variance suggests that experienced workers may have worked more, resuting in a The company should determine the cause of the rejects. The cause could be will help. If rejects are not the problem, employees may be quality, which resulted in than the standard number work pace and a V than normal amount of rejects or waste Perhaps