1. 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 following variances: i. material price, ii. quantity, iii. total. b. Compute the labor price quantity variance and total variance. c. What are possible causes of the material and labor variances with respect to the company