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. - X Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. Data table 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 qty The chocolatier manufactures truffles in 12-piece boxes. The production labor intensive, and the delicate nature of the chocolate requires a high Actual costs degree of skill. incurred Budgeted price Flexible budget Actual Direct materials 96750 Boxes produced 8,500 Direct materials used in production 2, 150,000 g Actual direct material cost 96,750 euro Actual direct manufacturing labor-hours 1,000 Actual direct manufacturing labor cost 11,400 euro Standards X Requirements Purchase price of direct materials 0.05 euros/g Materials per box 200 g Wage rate 12.04 euro/hour Please respond to the following questions as if you were in an interview situation: Calculate the materials efficiency and price variance and the wage and labor Boxes per hour 10 efficiency variances for the month of June. 2. Discuss some possible causes of the variances you have calculated. Can you make any possible connection between the material and labor variances? What recommendations do you have for future improvement? Print Done Print Done