You have been invited to interview for an internship with an international food manutacturing compary. When you artive for the intervew, you are oiven the following information feiated to a fictious chocotasfer for the month of June. (Click, the icon to wew the data.) Read the tequitements. Requirement 1. Calculate the in order to calculate the variand Data table Direct materials Direct tabor Now compute the variances: 30 . The materials officsency varian The maseriais price vaviance ia The lebor efficency variance it The labor price varianca it Requirement 2. Dsauss some you have for future ingroveme- The chocolatier manulactures truffes in 12 -piece boxes. The production is tMay. an used: qty = quansty) fween the material and labor variances? What recommendations do quality, which resulled in than the standard Requirement 1. Caloulate the materials efficiency and price variance and the wage and labor Ifficiency variances for the month of May in order to calctilate the variances complete the following table. (Round your final answer to the cearest whole number. Abbraviation usod: qty = quanthy) Now compute the varances. (Eniet the amount of the varience, then select whether it is favorable or undavoeable) Requirement 2 Dscuss some possible calises of the varances you have calculsted. Can you mske afy possble connecton between the material and labor varances? What recoerimendations do you have for future improvoment? The materials price and efficlency variances could be an indication that the coenpany purchased expensive ingredients of quaity; which resulled in than the standard number of rejected units. The tabor price variance suggests that experienced workers may hawe worked more, resuting in a work poce and a than normat amount of reipect or waste. The company should determine the cause of the rejects. The cause could be Pechaps will help. if rejects are not the problem, employeos may be