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I need help with the two problems. Thank you! Use the folowing standard cost card for 1 galion of ice cream to answer the questions

I need help with the two problems. Thank you! image text in transcribed
Use the folowing standard cost card for 1 galion of ice cream to answer the questions Cost Summary STANDARD COST CARD Product: Gallon of Ice Cream Manufacturing Standard Standard Cost Cost Information Quantity per Unit Direct Materials Cream 5 quarts $1.15 per quart Sugar $0.08 per ounce Direct Labor 3 minutes $36.00 per hour Total Direct Costs 16 ounces $5.75 $1.28 $1.80 $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 Al material used was bought during the current penod. A. Compute the material and labor variances B. Comment on the results and possible causes of the variances Woodpecker manufactures sawmill equipment. They use a standard costing syster and recognize material price varance at the time of material purchases. They use carbide to make the teeth on their band-saw blades. They receveda order for 250 band-saw blades, but they did not have any carbide in stock. They purchased 3.500 pounds of carb de for $14,875 but should have spent $16275. Each saw blade has a standard carbide drect materials quantty of 78 pounds. A If they used 8 pounds per blace, what would be the direct materials quantity varande? B. If they used 7.5 pounds per blade, what would be the direct material quantity varende? C. Compute the direct materials price vanarce based on 7.5 pounds of carbide per blade actually used

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