1. Prepare the folowing variance analyses for both chocelates and the total, based on the actual results and procuctson leveis at the end of the budget yeari a. Direct materials price variance, theoct materiais quantity variance, and total variance- b. Direct labor rate varance, direct labot titie ventonte, and total variance. Enter a favorabie variance as a negetive number using a minus sign and an unfavorable variance as a postive number