Question 6 You have been invited to interview for an internship with an international food manufacturing company. When y

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Question 6 You Have Been Invited To Interview For An Internship With An International Food Manufacturing Company When Y 1 (66.41 KiB) Viewed 36 times

Question 6 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. The chocolatier manufactures truffles in 12-piece boxes. The production is labour intensive, and the delicate nature of the chocolate requires a high degree of skill. Actual Boxes produced 12000 Direct materials used in production 2,640,000 g Actual direct material cost 72,500 euro Actual direct manufacturing labour-hours 1300 Actual direct manufacturing labour cost 15,360 euro Standards Purchase price of direct materials Materials per box Wage rate Boxes per hour 0.029 euro/g 200 g 13 Euro/hr. 10 Please respond to the following questions as if you were in an interview situation: Required: 1. Calculate the materials efficiency and price variance and the wage and labour 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 labour variances? What recommendations do you have for future improvement?