Flexible Budgeting and Variance Analysis Belgian Chocolate Company makes da

Flexible Budgeting and Variance Analysis

Belgian Chocolate Company makes dark chocolate and light chocolate. Both products require cocoa and sugar. The following planning information has been made
available:

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:

Required:

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:

Use the minus sign to enter favorable variances as negative numbers.
Select Favorable Unfavorable Item 2 Select Favorable Unfavorable Item 4 Select Favorable Unfavorable Item 6 Select Favorable Unfavorable Item 8 Select Favorable Unfavorable Item 10 Select Favorable Unfavorable