Use the following standard cost card for 1 gallon of ice cream to answer the questions. STANDARD COST CARD Product: Gallon of Ice Cream Manufactering cost info Standard Quantity x standard cost per unitx x cost summary direct materials cream  sugar 5 quarts 16 ounces x $1.15 per quart $0.08 per ounce x $5.75 $1.28 direct labor   3 min x $36.00 per hour x $1.80 total direct costs   x   x $8.83 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. Required: Compute the material and labor variances. Comment on the results and possible causes of the variances.

Standard Amount per Case        Dark Chocolate      Light Chocolate      Standard Price per Pound Cocoa 12 lbs.   8 lbs.   $7.25   Sugar 10 lbs.   14 lbs.   1.40   Standard labor time 0.50 hr.   0.60 hr.           Dark Chocolate Light Chocolate Planned production 4,700 cases   11,000 cases   Standard labor rate $15.50 per hr.   $15.50 per hr.   I Love My Chocolate Company does not expect there to be any beginning or ending inventories of cocoa or sugar. At the end of the budget year, I Love My Chocolate Company had the following actual results:   Dark Chocolate Light Chocolate Actual production (cases) 5,000 10,000        Actual Price per Pound      Actual Pounds Purchased and Used Cocoa $7.33   140,300   Sugar 1.35   188,000     Actual Labor Rate      Actual Labor Hours Used Dark chocolate $15.25 per hr.   2,360   Light chocolate 15.80 per hr.   6,120   this is all the information i have and i need help calulating the direct labor time variance

JIngredient A12H is a material used to make Calvin Corporation's major product. The standard cost of Ingredient A12H is $23.00 per ounce and the standard quantity is 3.8 ounces per unit of output. Data concerning the compound for October appear below: a)     debit of $3,680. b)     credit of $3,680. c)     credit of $4,140. d)     debit of $4,140.

Standard Direct Materials Cost per Unit Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (1,730 bars) are as follows: Ingredient Quantity Price Cocoa 570 lbs. $0.30 per lb. Sugar 180 lbs. $0.60 per lb. Milk 150 gal. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent.