Annie's Homemade sells numerous flavors of ice cream, one of which is called Peppermint Crunch. During June it produced and sold 4,900 ounces of Peppermint Crunch ice cream. The company's sales records indicate 700 servings of Peppermint Crunch were sold during the month. The company's standard portion size per serving is six ounces and its standard cost per ounce of Peppermint Crunch is $0.25. Required: 1. What is the standard quantity of Peppermint Crunch allowed (in ounces) to make 700 servings of ice cream? 2. What is the standard cost allowed to make 700 servings of Peppermint Crunch? 3. What is the Peppermint Crunch materials quantity variance for June