3. (25 pts total) F A. (13 pts) Arendelle Ice Company produces ice picks that require 2.25 standard hours per unit at an hourly rate of $15.00 per hour. Production of 7,700 ice picks required 19,250 hours at an hourly rate of $14.90 per hour. 2.5hows fuit Prepare the journal entry to record direct labor and the associated variances. Arendelle Ice Company records standards and variances in the general ledger. A Record direct labor (13 pts) SRX SH 33.52 -3.22 3.25 3 2592 direct helor time varianne Uurince Wages parable (act) -0.215AR XSH FARXAH WIP (std) 15 direct labor 86,825 B. (12 Pts) Arendelle Banquet Services purchased and used 650 pounds of chocolate (direct materials) to produce a chocolate fountain with a 635 pound standard direct materials requirement. The standard materials price is $22.40 per pound. The actual price of the chocolate was $22.20 per pound. Prepare the journal entries to record (1) the purchase of the chocolate and (2) the chocolate entering production. Arendelle Banquet Services records standards and variances in the general ledger B.1 - Purchase of Chocolate (6 pts) Sur Amateriau direct materials varruce Accts payable 14224 206 2 14430 - B.2 - Chocolate entering production (6 pts)