Genuine Spice began operations on January 1 of the current yearThe company produces 8 ounce bottles of hand and body called Eternal Beauty. The lotion is sold wholesale in 12 bottle cases $100 per caseThere is a commission of $20 per case. The January direct materials, direct labor, and tactory overhead costs are as follows:

sto0 per case. There is a seling commssion el 520 pet case the Januay dvect maknaks, drect labof, asd tactoy cverhead eosts ave as tolows Part A-Break-Even Analysis was gathered tom the frst fx montrs ef eptrasen measting this cost Requiced Part A: 1. Desimine the fiest and jariais popens or me uply y cost useng the hyphidze mothod. Aequred Part A: 2. Besirmine ane centributon marpin per case 3. Dekvmine the fred cost per monk, incleding the uthty thed cole fom part ( (1) 4. Deavmine the bveat even number of cases ber month. Part B August Buagets case for August hyenthry planning iclormason is provided as folows: Finished Goods liventory: Maleruals irwenkiy operabng data hom Jarwary Requeedparl operatne data tom lacyary RequiredPan B: 5. Pregare the Abqust eroducron budget 6. Piepare the August diredratavis purchases budper 7. Prease the August direc labor budget 8. Prepste the Aupust tactoproveithead budpet 9. Propine re Aupus fuopersd inceme tambent inctuding seiting expenses Part C-Augus Variance Analysis 1500 actua cases prequoed durng Avgast which was 250 mone cases Dan planned at the begnning of the menth Actual dasa for August weie as folows less than standavd AequiredPart C: 12. Determine and inserpret the factoy owvhead costosable varance. 13. Detwime and interpont the tactiry ovemead velume wacance The prices of the materials were different than standard due to fluctuations in market prices. The standard quantity of materials used per labor classification during the month, thus causing the actual labor rate to exceed standard. The Filing Department used a lower grade la 1. Determine the fixed and variable portions of the uttity cost using the high-low method. Additional instruction 2. Determine the contmbution margin per case. per case 3. Determine the fixed costs per month, inctuding the utiliy fixed cost thom part (1). 2. Determine the contribution margin per case. Additional instruction per case 3. Determine the fixed costs per month, including the utlity fixed cost from part (1). used per case ergrade labor 4. Determine the break-even number of cases per month cases 5. Prepare the August production budget Additional instruction 5. Prepare the Augusf divect maserials purchases budpet Addponat hserucpon 7. Prepare the August direct tabor Dudget Addiponat hstructons Factory Overhead Budget Additional listructions Genuine Spice Inc. 9. Prepare the August budgeted income statement, including selling expensos: 10. Desermine and inferpret the divect mabrialy price and quansy variances for the three maseriak the tucasason in cauped the orect muleral price varances A the Duect matenal guansy yatueces wese incicaseng 11. Defermine and inverpret the drect fabor rale and sme variances for the tov deparenens; The fuctuabon in caused the direct maneral price variances. All the Direct faaleral quantly warlances were indicating 11. Determine and inivrpret the direct tabor rase and sme variances for the two departmeras Variance Amalysis (Part C) Direct labor rate variance Direct Labor Time Variance Mixing Department Difference Direct labor tme variance Filling Department hrs his his. 5 5 The change in the caused the laber rate variances. This change have been resoonsble for the direct labor tme varance The change in the caused the tabor rate varances. This change have been responsble lor the direct labor ame variance 12. Deavmine and in serpret the taciory overhead controllabie variance. The factory overhead conyoilable variance was caused by the variance in 13. Desirnine and interpret the factory ovethead volume vartance. Acdifonal instujesions The volute variance indeales the cost of in the bueges fer dars (a) and (P)? The producton volume of cases was plavned aithe beginning of Auquz The vanances compase the actua cost and the slardard cost of the month This, the sandard cos myst be based en the init st wictal profucteon Genuihe Spice inc began operabons on January 1 of the cumentyear. The compaty produces 8 -ounce bottes of hand and booy lobon called Exemal Benu/y The iosich is sold wholesale in 12-bcte cases 5200 per case. There is a selling comerission of 520 per case. The January direct manefials, direct labot, and factory ovehead costs are as follows \begin{tabular}{|l|l|l|c|c|} \hline Cream base Varible & 100 ors & $0.02 & $200 \\ \hline Natiral ces & Variable & 30 ors & 030 & 900 \\ \hline Botte (80z) & Variable & 12 botes & 0.50 & 600 \\ \hline & & & & $1700 \\ \hline \end{tabular} DIAECTLABOR FACTOFY OVERHEAD Cost Behavioe Total Cost Upliters Facility iease Equpment depreciation Supplies Maed Fued Fued Fued $600 14000 4,300 460 was gatheced tem the trat sir months of operabon regarding Fis cost: Aequiredpart A! 4 Dewimne the break evets number ar cases permone? case fer August inentory planning insormaten is provided as follows. Finished Goods lrventary Maberials unerisory eperasng data tom saruary Mequrespart: 5. Prepave the Aupus producpon budpec 6. Prepare the August divec musias puchases buidget 1. Preday the Aboust divect iaber budoet. There was nogligte wonk in pocess itvenbry assumed for either the begivang co end of the mont, thus, none was assumed in adbson, there was no change in the cost per unit or estimand unis per case operasing data tom January Required Part B: 5. Prepse the August producion budget 6. Prepare the August divecr maserrals puachases buidyet 7. Propere the August diect fabcr budget 8. Prepare the August factory overhead budgot 5. Prenae the Augus budgeted income sasment inctuding seling expenses. Part C-August Variance Analysis 1,500 actual cases procuced during August which was 250 move cases frar planned al be beginning of the month Actual daca ket August were as follows less than sanday Required Paint C: 10 Desimine and mevpret the dinec maserlaks price and quanay vatiances tor the ovee mabraks 11. Detwmine and ainipuet the drect haber rate and me variances fov he the dopapnents. 12. Desvmine and anderpuet the facrocy overtieaf conbolable vanance 13. Desermine and inarper the tactry owemes valume varance Cenuine Sejof he began opelatens on danuary 1 of the currentyear. The cotpany produces b-ounce botses gf hand and bedy loson caled Exreal Beauly The lolon is sold whoiesale in 12 bose cases lor. \$tco por case There is a selting conmrsion of sjo per case. The hanuary direc materials, Grect abor, and faclory overhead coss are as follows: Pan A-Ereak-fven Analysis was gathered tom the fris sox montrs ef operaton reparding tis cost RequiredPan A: Fequirespart A: 1. Dewmine the fred and varbest portons of the uatiy cos using se bish iter method. 2 Desemine the contaberanargis per case 3. Demmine Be fred costs oft morit, including the uat fy tred cest bom part (I) 4 Dewrmine the break even mather of cases per mowh. Part B-August Budoets case toe Avgus inventry planting intormason is provided as tobows Finahed Coods Imventory Mxtenals mventory There was negigede week in process invenory avered for wtier the beginuing of end ef fe mont, fus, none was assimed in aodson, there was ne chanoe in the cost per unit or essmakd unts per case operating data zom January Aeguired Part A : 5. Prepare the August podaction budvet 6 Piegare fie Auguse divect mserlal ouchaser budget 7. Presare he Augurarocribhor budyet 8. Prepare the Augus caclacy owertead budpet 5. Prepare ne Augusr budpeled bicome stament wesady mang expenses PartC-August Variance Arabrsia Dunng Seplenber of the cyoentyear, the conselier was asked wo perform variance and boes for August The January operating data phosded the standart prices, rabes tres and quansoes per case There were 1 soo actial cases profuced during Aigust, which was 250 more cases rus panned ar the beginning or the mont Actual data be August aere as tosews. Actual Direct Maqerials iess tran starisard Beqared part Ct 12 Demwase and in wrirerine tackry eveitead conpatabie varince labor dassicason dunng the month, thus causing the actual tabor rale bexceed standaed. The Filing Departrent used a lower grade weor cassilcaben dureg the month, thus caushe fee actail iaber rab to be less than standard ReguiredPart C: 11. Dewunine and intwpret the drect fabor pos and ame vanances for the wo Gepacperas. 12. Dearmine and inerpret tie factory oveinesd canbodable varance. 13 Desermine and andupet the factry overbead volume vartince. producsen votume rather than the plavned 1,375 cases af poducton used in oie budget for pars (6) and (7)