eBook Problem-Solving Strategy Flexible Budgeting and Variance Analysis Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require coco Standard Amount per Case Dark Light Standard Price per Chocolate Chocolate 6 lbs. 11 lbs. 0.60 hr. Pound Cocoa Sugar Standard labor time 9 Ibs 7 lbs. 0.50 hr. $5.40 0.60 Planned production Standard labor rate Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. Dark Chocolate 4,400 cases $13.50 per hr. Light Chocolate 10,400 cases $13.50 per hr s actual results: Light Chocolate Dark Chocolate