You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given the following information related to a fictitious Belgian chocolatier for the month of June. Click the icon to view the data.) Read the requirements Requirement 1. Calculate the materials officiency and price variance and the wage and labor efficiency variances for the month of May. In order to calculate the variances complete the following table. (Round your final answer to the nearest whole number. Abbreviation used: qty = quantity) Actual input aty Actual costs incurred Budgeted price Flexible budget Direct materials Direct labor Now compute the variances and label each amount as favorable (F) or unfavorable (U). The materials efficiency variance is The materials price variance is N O The labor efficiency variance is I The labor price variance is Choose from any list or enter any number in the input fields and then continue to the next question. y interview, you are gi You have been invited to interview for an i information related to a fictitious Belgian (Click the icon to view the data.) Data Table o w Read the ren Read the requirements. The chocolatier manufactures truffles in 12-piece boxes. The production is labor intensive, and the delicate nature of the chocolate requires a high degree of skill th of May. Requirement 1. Calculate the materials In order to calculate the variances comple Actual piation used: qty = qua Actual cd incurre Boxes produced Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 10,000 2,150,000 g 60,200 euro 1.100 12,650 euro Direct materials Direct labor Now compute the variances and label ead The materials efficiency variance is L Standards Purchase price of direct materials Materials per box Wage rate Boxes per hour 0.03 euros/g 200 g 12.00 euro/hour The materials price variance is The labor efficiency variance is 10 The labor price variance is Print Done Choose from any list or enter any numb Save for Later