$\backslash$table$[[$Sugar$,0\mathrm{.}55,188,800],[$Actual Labor Rate,Actual Labor Hours Used$],[$Dark chocolate,$$15\mathrm{.}20$ per $hr.,1,500],[$Light chocolate,$15\mathrm{.}80$ per hr$.,5,780]]$

Required:

Prepare the following variance analyses for both chocolates and the total, based on the actual results and production levels at the end of the budget year:

a$.$ Direct materials price variance, direct materials quantity variance, and total variance.

b$.$ Direct labor rate variance, direct labor time variance, and total variance.

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

a$.$

Direct materials price variance

Direct materials quantity variance

Total direct materials cost variance

b$.$

Direct labor rate variance

Direct labor time variance

Total direct labor cost variance

$2.$ The variance analyses should be based on the $q,$ amounts at $$ volumes. The budget must flex with the volume changes. If the $$ volume is different from the planned volume, as it was in this case, then the budget used for performance evaluation should reflect the change in direct materials and direct labor that will be required for the $q,$ production. In this way, spending from volume changes can be separated from efficiency and price variances.