Joy
February 19th, 2023
Joy of Baking produces and sells a new Tie Dye cake mix. The mix sells for $28 per package, each of which contains individual packages to prepare 5 cakes.Download the attachment which contains additional information, detailed questions, and use it for all required calculations for this assignment.Given the information for the standard and actual costs of this product, prepare the following:A standard cost cardThe materials variancesThe labor variancesThe overhead variancesAlso prepare a performance report and explain any major variances.