11. Determine and interpret the direct labor rete and time variances for the two departments. Do not round hours. Enter the costs in dollars and cents. Direct Labor Rate Variance: 1. Determine and interpret the direct labor rate and time varanchs for the two departments. Do not round hours. Enter the costs in dollars and cents. irect Labor Rate Variancet 12. Determine and interpret the direct labor rate and time variances for the two departments. 13. Determine and interpret the factory overhead volume variance. Round rate to four decimal places and round your final answer to two decimal plac 14. The production volume of cases was planned at the beginning of August. The variances compare the actual cost and the standard cost of for the month. Thus, the standard cost must be based on the units of actual production. The prices of the matenals were different than standard due to fuctuations in market prices. The standard quantty of materiais used per case was an ideal standard. The Mixing Oepsrtment used a higher grade labor classification during the month, thus chusing the actual fabor mate to excecd staindard. The filing Department used a lower grade isbor classification during the month, thus causing the actual labor rate to be less than standard. Required: Enter fubtracted amounts with minus sign. Enter a favorable variance as a negotive number using a minus sign and an unfovorable variance as a positive number. 10. Determine and interpret 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). Genuine Spice Inc: began operations on January 1 of the current year. The company produces 8-ounce botties of hand and body lotion called Eternal Beauty. The lotion is seld wholesale in 12 -bottle cases for $100 per case, There is a selling commission of $20 per case, The January direct materlais, direct labor, and factory overthead eosts are as follows: During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard arices, rates, times, and quant ties per case. There were 1,500 actual cases produced during August, which was 250 more cases than planned at the beginning of the month. Actual deta for August were os follows