Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:

Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Belgian Chocolate had the following actual results:

Required:
1. Prepare the following variance analyses for both chocolates and total, based on the actual results and production levels at the end of the budget year:
Direct materials price variance, direct materials quantity variance, and total variance.
Direct labor rate variance, direct labor time variance, and total variance.
Use the minus sign to enter favorable variances as negative numbers.
a. Direct materials price variance $_________ Favorable/ Unfavorable
Direct materials quantity variance $________ Favorable/Unfavorable
Total Direct materials cost variance $_______ Favorable/Unfavorable
b. Direct labor rate variance $______ Favorable/Infavorable
Direct labor time variance $______ Favorable/Unfavorable
Total direct labor cost variance $_______ Favorable/ Unfavorable

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Standard Amount per Case Cocoa Sugar Standard labor time Dark Chocolate 10 lbs. 8 lbs 0.35 hr. Light Chocolate 7 lbs 12 lbs 040 hr Standard Price per Pound $4.50 0.65 Planned production Standard labor rate Dark Chocolate 4,200 cases $14.50 per hr. Light Chocolate 10,500 cases $14.50 per hr. Dark Chocolate 4,000 Actual Price per Pound $4.60 0.60 Actual Labor Rate Light Chocolate Actual production (cases) 11,000_ Actual Pounds Purchased and Used 117,500 160,000 Actual Labor Hours Used 1,270 4,500 Cocoa Sugar Dark chocolate Light chocolate 13.90 per hr 14.90 per hr.