Candy Company sells lollipops.Last year the company sold 10000000 lollipops for

Candy Company sells lollipops.Last year the company sold 10000000 lollipops for $1000000.The Variable Costs were $350000 and the Net Profits were $100000Administration has directed management to double profits in the next year.Part 1: Determine the Number of lollipops that must be sold to reach this target.Part 2: Determine the DL and DM budget needed to reach this target. DM: Cost $1 per pound Each unit requires 1/50 of a pound DL: Labor costs are $10 per hour Each unit requires .0015 labor hoursPart 3: Determine the DL and DM variances and provide explanations to the Board of Directors. DM: Cost $1.50 per pound 220000 pounds used DL: Cost $12 per hour 16000 labor hours used