RYT(aka RotYourTeeth) Candy Company sells lollipops.Last year the company sold 1

RYT(aka
RotYourTeeth) 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.Standard:DM:Cost
$1 per poundEach
unit requires 1/50 of a poundDL:
Labor
costs are $10 per hourEach
unit requires .0015 labor hoursActual:DM: Cost
$1.50 per pound 220000 pounds
usedDL:Cost
$12 per hour 16000
labor hours used
Determine the DL and DM
variances and provide explanations to the Board of Directors.