Question

3. Use the following standard cost card for 1 gallon of ice cream to answer the questions.
Actual direct costs incurred to make 50 gallons of ice cream:
• 275 quarts of cream at $1.05 per quart
• 832 ounces of sugar at $0.075 per ounce
• 165 minutes of labor at $37 per hour
All material used was bought during the current period.
A. Compute the material and labor variances.
B. Comment on the results and possible causes of the variances.

Answer 1

Answer:

riport a answer

Explanation:

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