clear picture fir question 10

Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is sold wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows: DIRECT MATERIALS Cost Cost Behavior Units per Case Direct Materials Cost per Case per Unit Cream base Variable 100 oz. $0.02 $2.00 Natural oils Variable 30 OZS. 0.30 9.00 Bottle (8-oz.) Variable 12 bottles 0.50 6.00 $17.00 DIRECT LABOR Labor Rate Department Cost Behavior Time per Case Direct Labor Cost per Case per Hour Variable 20 min. $18.00 $6.00 Mixing Filling Variable 5 14.40 1.20 25 min. $7.20 FACTORY OVERHEAD Cost Behavior Total Cost Utilities Mixed $600 Fixed 14,000 Facility lease Equipment depreciation Fixed 4,300 Supplies Fixed 660 $19,560 Part C-August Variance Analysis During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities 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 data for August were as follows: Actual Direct Materials Actual Direct Materials Price per Unit Quantity per Case Cream base $0.016 per oz. 102 Ozs. Natural oils $0.32 per oz. 31 ozs. Bottle (8-oz.) $0.42 per bottle 12.5 hottles Actual Direct Labor Actual Direct Labor Time per Case Rate Mixing $18.20 19.50 min. Filling 14.00 5.60 min. Actual variable overhead $305.00 Normal volume 1,600 cases The prices of the materials were different than standard due to fluctuations in market prices. The standard quantity of materials used per case was an ideal standard. The Mixing Department used a higher grade labor classification during the month, thus causing the actual labor rate to exceed standard. The Filling Department used a lower grade labor classification during the month, thus causing the actual labor rate to be less than standard Enter subtracted amounts with minus sign Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number 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) Direct Materials Price Variance: Cream Base Natural Oils Bottles Actual price Standard price Diference DE Ons titles Actualquantity (units) Direct materials peice variance Indicate of favorable or unfavorable Enter the standard price to two decimal places Direct Materials Quantity Variances Cream Base Natural Oils Bottles OS tim, Actual quantity Standard quantity Difference bids Standard price Direct materials quantity variance Indicatif favorable or unfavorable 11. Determine the direct laborate and time variances for the two departments. Do not round hours. Enter the costs in dollars and cents. Direct Labor Hate Variance to be less than standard, Required: Enter subtracted amounts with minus sign. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 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) Direct Materials Price Variance: Cream Base Natural Oils Bottles Actual price Standard price Ozs 020 btls. Difference Actual quantity (units) Direct materials price variance 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 OES. btls. Cinta Unt Direct Materials Quantity Variance: Cream Base Natural Oils Bottles OzS. 02. btis. Actual quantity Standard quantity Difference OZS. Ozs btis. Standard price Direct materials quantity variance Indicate if favorable or unfavorable 11. Determine the direct labor rate and time variances for the two departments. Do not round hour