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Annie's Homemade buys pallets of ice cream mix from a distributor. Each pallet contains 50 cases and each case contains five gallons (or 640 ounces)
Annie's Homemade buys pallets of ice cream mix from a distributor. Each pallet contains 50 cases and each case contains five gallons (or 640 ounces) of ice cream mix. Annie's standard price per ounce is $0.10. Annie's most recent purchase of one pallet of ice cream mix cost $3,300. Required: 1. If Annie's had paid the standard price per ounce for its most recent purchase of ice cream mix, how much would it have paid for the entire pallet? 2. What is Annie's materials price variance related to the pallet of ice cream mix that it just purchased
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