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Comprehensive Variance analysis. (CMA) Iceland Inc. is a fast growing ice-cream maker. THE COMPANY'S NEW Ice-cream flavor,cherry star, sells for $8...

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Comprehensive Variance analysis. (CMA) Iceland Inc. is a fast growing ice-cream maker. THE COMPANY'S NEW Ice-cream flavor,cherry star, sells for $8 per pound. The standard monthly level is 200,000 pounds, and the standard inputs and cost per pound are : see the Attachment 7-41 look at sheet 7-41
Compute the following variances.comment on the variances, with particular attention to the variances that may be related to each other and the controllability of each variance:
1. Selling-price variance
2. Direct materials price variance
3. Direct materials efficiency variance
4. Direct manufacturing labor efficiency variance

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