Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made available:
Standard Amount per Case
Dark Chocolate Light Chocolate Standard Price per Pound
Cocoa11 lbs. 8 lbs. $5.00
Sugar9 lbs. 13 lbs. 0.60
Standard labor time0.50 hr. 0.60 hr.

Dark ChocolateLight Chocolate
Planned production4,700 cases 11,800 cases
Standard labor rate$16.00 per hr. $16.00 per hr.
Belgian Chocolate does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, Belgian Chocolate had the following actual results:
Dark ChocolateLight Chocolate
Actual production (cases)4,50012,300
Actual Price per Pound Actual Pounds Purchased and Used
Cocoa$5.10 148,600
Sugar0.55 195,400
Actual Labor Rate Actual Labor Hours Used
Dark chocolate$15.50 per hr. 2,050
Light chocolate16.50 per hr. 7,560
1.Prepare the following variance analyses for both chocolates and total, based on the actual results and production levels at the end of the budget year:
Direct materials price variance, direct materials quantity variance, and total variance.
Direct labor rate variance, direct labor time variance, and total variance.
Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If there is no variance, enter a zero.
a.Direct materials price variance:$
Direct materials quantity variance:$
Total direct materials cost variance:$

b.Direct labor rate variance:$
Direct labor time variance:$
Total direct labor cost variance:$

TAG:chocolate available beginning following positive
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