10. Determine the direct materials price and quantity variances for the three materials. Enter the costs in dollars and cents (carried to three decimal places when required). Enter all amounts as positive numbers. Direct Materials Price Variance: Actual price Standard price Difference Actual quantity (units) Direct materials price variance Cream Base Natural Oils Bottles $ $ $ $ $ $ X ozs. $ X ozs. X btls. $ $ Indicate if favorable or unfavorable Enter the standard price to two decimal places. Direct Materials Quantity Variance: Cream Base Natural Oils Bottles Actual quantity ozs. ozs. btls. Standard quantity Difference ozs. ozs. btls. Standard price Direct materials quantity variance X $ X $ X $ Indicate if favorable or unfavorable 11. Determine the direct labor rate and time variances for the two departments. Do not round hours. Enter the costs in dollars and cents. Enter all amounts as positive numbers. Direct Labor Rate Variance: Actual rate Standard rate Difference Actual time (hours) Direct labor rate variance Indicate if favorable or unfavorable Mixing Department Filling Department $ $ $ $ X X $ $ Direct Labor Time Variance: Mixing Department Filling Department Actual time (hours) Standard time (hours) Difference Standard rate Direct labor time variance Indicate if favorable or unfavorable X $ $ X $ $ 12. Determine the factory overhead controllable variance. Enter all amounts as positive numbers. Actual variable overhead Variable overhead at standard cost $ Factory overhead controllable variance Indicate if favorable or unfavorable $ 13. Determine the factory overhead volume variance. Round rate to two decimal places and round your final answer to two decimal places. Enter all amounts as positive numbers. Normal volume (cases) Actual volume (cases) Difference Fixed factory overhead rate Factory overhead volume variance Indicate if favorable or unfavorable 14. The production volume of cases was planned at the beginning of August. The variances compare the actual cost and the standard cost of units of actual production. for the month. Thus, the standard cost must be based on the 5 more Check My Work uses remaining.