10:47 LTE O Better by the Numbers began operations on lauary 1, 2016. The company cunce bottles of hand and body lotion called Radiant One. The fo od whe bottle cases for S per case. There is a selling commision of $20 perc Haay 2018 ct mai det labor and factory o f DIRECT MATERIALS DECT LADO De Cost FACTORY OVERHEAD Cost Behavior Total Cost Utilities mixed $ 600 Facility lease fixed 14,000 Equipment depreciation fixed I 4,300 Supplies fixed 512 $ 19,412 PART A REAR EVEN ANALYSIS The moment of by the men w h o escos, a part of factory w o r th e ntary Part AUGUST BUDGETS August demand is expected to be 1,500 cases at a sales price of $100 perc planning Information follows: Estimated finished goods inventory, Aug. 1" 280 cases $12.50 Desired finished goods inventory. Aug 31 175 $ 2,719 10:48 in the break f ast Part 3: AUGUST BUDGETS August demand is expected to be 1,500 cases at a sales price of $100 percre Inventory planning Information follows: Estimated finished goods inventory, Aug, 14 20 1 2 Desired finished goods inventory. A 31" 175 cases $ 7,719 Estimated materials inventory, Aug. 1" Desired materials inventory, Aug 31 Nutrient Base 350 600 . Oils 280 INO 100 72 . Work in process inventory was reglable, so none is assumed There is no change in cost data from January Requirements: 5. Prepare a Production Budget for August 6Prepare a Direct Materials Purchase Budget for August 7. Prepare a Direct Labor Budget for August round hours required for production to the nearest whole hour) & Prepare a Factory Overhead Budget for August 9. Prepare a Budgeted Income Statement, including selling expenses, forget Part: AUGUSTVARANCE ANALYSIS Alter August was completed, variance is needs to be performed Lanuaryepeating data provided the standard p rotes, and There were 1.500 actual cases produced during August percase Atual De Material 3006 B - ) 125 $0.55 per bottle Actual Direct Labor Ata Directa Time per Case Mwing 5205 $15.00 The standard quantity of materiale pe Actuele beds Standard (Bute Volume was Requirement F O Tbmail No Spaced Head Tanagraph Mixing 5 20:25 $15.00 Tin 55 The standard quantity of materials used per case was an ideal standard. Actual Variable Overhead was $305 Standard (Budgeted) Volume was 1,600 cases Requirements: 10. Determine and interpret favorable/unfavorable) the direct material price and quantity wariances for each of the three materials 11 Determine and in h a nces for the ment Desired finished goods inventory. Aug 31" 175 cases 10:48 Nutrient Base Estimated materials inventory, Aug 1" 350 . Desired materials inventory, Aug 314 600 . $7,719 Oil 180 . 72 Work in process inventory was negible, so none issued There is no change in cost data from January Requirements 5. Prepare a Production Budget for August 6. Prepare a Direct Materials Purchase Budget for August 7. Prepare a Direct Labor Budget for August round hours required for production to the nearest whole hour) 8. Prepare a Factory Overhead Budget for August 9. Prepare a Budgeted Income Statement, including willing expenses, for a t Part AUGUSTVARANCE ANALYSIS Ater August was completed, variance ass needs to be performed January operating data provided the standard p r esen t es per There were 1.500 actual cases produced during out Actual Augustdata Actual Direct Material Actual Direct Materiale Price per Unit bane Essentials 50.45 per Bottle (50) 0per bottle 125 Actual Dret labor $20-25 Actuele Standard u Requiem Overhead was ted Volume was Mixing Filling 16 min $ 20,25 $15.00 The standard quantity of materials used percase was an ideal standard. Actual Variable Overhead was $305 Standard (Budgeted) Volume was 1,600 cases Requirements: 10. Determine and interpret favorable/unfavorable) the direct material price and quantity wariances for each of the three materials 11. Determine and interpret the direct laborate and time variances for the two departments, rounding hours to the nearest hour 12. Determine and interpret the factory overhead controllable wariance 13. Determine and interpret the factory overhead volume variance