Genuine Spice Inc. began operations on January 1, 2014. The company produces a hand and body lotion in an eight-ounce bottle 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:

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:

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). Enter all amounts as positive numbers.

Direct Materials Price Variance:
	Cream Base		Natural Oils		Bottles
Actual price	$		$		$
Standard price
Difference	$		$		$
Actual quantity (units)	X	ozs.	X	ozs.	X	btls.
Direct materials price variance	$		$		$
Indicate if favorable or unfavorable	SelectFavorableUnfavorableItem 16		SelectFavorableUnfavorableItem 17		SelectFavorableUnfavorableItem 18

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	X		X		X
Direct materials quantity variance	$		$		$
Indicate if favorable or unfavorable	SelectFavorableUnfavorableItem 34		SelectFavorableUnfavorableItem 35		SelectFavorableUnfavorableItem 36

11. Determine and interpret the direct labor rate and time variances for the two departments. Round hours to the nearest hour. Enter the costs in dollars and cents. Enter all amounts as positive numbers.

Direct Labor Rate Variance:
	Mixing Department		Filling Department
Actual rate	$		$
Standard rate
Difference	$		$
Actual time (hours)	X		X
Direct labor rate variance	$		$
Indicate if favorable or unfavorable	SelectFavorableUnfavorableItem 47		SelectFavorableUnfavorableItem 48

Direct Labor Time Variance:
	Mixing Department		Filling Department
Actual time (hours)
Standard time (hours)
Difference
Standard rate	X $		X $
Direct labor time variance	$		$
Indicate if favorable or unfavorable	SelectFavorableUnfavorableItem 59		SelectFavorableUnfavorableItem 60

12. Determine and interpret 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	SelectFavorableUnfavorableItem 64

13. Determine and interpret the factory overhead volume variance. When determining the fixed factory overhead rate, round your answer to two decimal places (and use that rounded rate when calculating factory overhead volume variance). 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	SelectFavorableUnfavorable Item 70