Copy Overline Merge Cell 3= Insert Row Delete Row Remove Conditional Formats K HERE TO SAVE YOUR WORK A B C D E F G H L M The Geneva Chocolate Company manufactures boxes of chocolate. The operating data for the past month are summarized as follows: 1. Produced 2,000 boxes of chocolates 2. Direct materials: a. Purchased 6,200 kilograms @ $15.50 per kilogram; standard price is $16 per kilogram b. Used 4,300 kilograms; standard quantity is 2 kilograms per box 3. Direct labour: a. Actual cost was $195,200 for 6,400 hours worked b. Standard hours per box produced, 1.5 hours; standard rate per hour, $30 Required: a) Calculate the direct material price variance, direct material quantity variance, direct labour rate variance and the direct labour efficiency variance for the past month. (8 marks) Supporting calculations Material price variance Material quantity variance Supporting calculations 14 11 | Answer sheet New. DELLDelete Row Remove Conditional Form CLICK HERE TO SAVE YOUR WORK A B C D G H 21 K M 22 Supporting calculations 23 Labour rate variance 24 Labour efficiency variance 25 26 28 30 b. Geneva Chocolate Company tried a new supplier during the past month. Should they continue to use this supplier? Why or why not? (2 marks Decision Reason Answer sheet New... DELL