Help with the one that are marked wrong (red X) please!

Ganine Space ine began operations on January 1 a te o are yea. The compan pro ucea 8o na bottoa ot hand and body Oton oa ad Eta al Beaut Th lotion is sold wno oao n 12 bo eases or St00 er case. The a 90 ng commisao S20 por casa. The Janua drcct mata aA d oct abor, and tactory oven costs aro as tollows: Cost Behavior Units per Caso Cost per Unit 0.02 0.30 Cost per Case s2.00 9.00 6.00 $17.00 Cream base Variatle 100 ozs. Botto (8-oz.) Variablo 12 bottilos DIRECT LABOR Department Cost Behavior MixingVarniable FilingVanable Time per Case Labor Rate por Hour $18.00 14.40 Cost por Case $6.00 1.20 $7.20 20 min. FACTORY OVERHEAD Cost Behavior Total Cost 5600 14,000 Facility ease Equipment depreciaion Fxed 600 $19.580 Part A-Break-Even Analysis The management of Genuine Spice inc wishes to detenmine the number of cases required to break oven per month. The utities cost, which is part of factory overhead, is a mined cost. The tollowing information was gathered trom the frst six months of operation regarding this cost Month Cose Production Utility Total Cost 800 1,200 1,100 740 April 590 ,025 706 1. Determine the fxnd and ariable portiona ot the utiny cost using the high-iow mothod Round your per unit cost to two decimal places 2. Determine the contrnbution margin per case Round your answer to two decimal places 3. Determine tho fxnd costs per month, inoucing tho uiny fowed cost trom part (1). Rator to tho ists of Amount Descniptions for the oxact wording of tho answer choices for toxt entries 4. Determine the break-even number of cases per monen Part B-August Budgets During July of the curent year, the management of Genuine Spice inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 1,500 cases at $100 per case for August Inventory planning information is provided as follows Finished Goods Inventory Cases Cost Estimated fnished gacds inventory, August 1 00 12,000 Desired finished goods inventory, August3 7.000 Materials Inventory Cream Bse Oiis Bottles Estimated materials inventory, August 1 250 800 Desired materials inventory, August 31 1,000 360 240 Thero was nagigtlo wonrk in proceas invenory asoumed tor eithor the baginning or and of the month: thua none was asaumed. In addition, there was no change in the cost per unt or cstimated units per case operating clata from January. Required-Part B: 5. Prepare the August production budget 8. Prepare the Auguat direct matorials purchases budget 7. Preparethe August direct iabor cost budger. Round the hours requined for production to the neavest hour 8. Propano the August tactory overhead cost budget.(f an amourt box doos not rooure an entry. soave it blank. (Entros of 2 ro (0) wa becloarod automaticaly by CNOw. 0. Proparo tho Auguat budgoted incomo atatormont, including soling oxponsos Enter al amonts as posthive numbers Part C-August Veriance Anslysis During Saptember of the cumant year, the controlar was asked to perfom variance analyses for August. The January operatng data provided the standard prices, rates, times and quantties per case. Thene ware 15Co actual cases produced duing August which was 250 more cases han planned at the beginning of the month Actual data tor Auguet wore as tollowa Price per Unit Craam base 0.018 per o2 $0.32 per oe Botlo (8-oz.) $042 per botio Quentity per Case Natural ols 31 o28. Actual Direct Labor Rate $18.20 14.00 Actual Direct Labor Time per Csse Mxing Fling 5.80 min Actual variable ovehead $305.00 Normal vclume 1,000 cases The prices of the materials were diferent then standard due to fuctuations in market prices. The standard quantity of materials used per case was an ideal standard. The Wxing Department used a higher grade labor classification during he month thus causing the actual labor rale to exceed standard. The Flng Department used a ower grade labor elassification during the month, thus causing he actual labor ane to be less than standad Part C-August Variance Analysis ung September of the current year, the com le Actua data for Auguat wero as tolowa as asked to pe orm vananoa an ses tor A usL January operati data po ided the standard pnooa aas, t maa, and anties per ease There were 1 0 aon a cases o cod d nn August, whion was 250 mora eases an anned a the begning of the month. Price per Unit Cream bese 0.016 per oa. Natural oils 32 per oz. Botte (B-o) $0.42 par bottl Quantity per Case 102 a 2.5 boes Actual Direct Aotual Direct Labor Time per Case 19.50 min, 5.60 mn Mxing $1820 Filirg 14.00 Actual varisble ovarhd 5306.00 1,800 cas0 The prices af the materials were dferent than standaid due to fucnuations in market prices. The standard quantity of materials used per case was an ideal standard. The Wixing Department used a higher grace labor classfieation during the menth, nus causing the actual laber eane to esceed srandard. The Filng Department used a owor grado labor clasaficaton during the month, hus causing the actual abor rato to be losa han standard Required-Part C 10. Detomine and intorprot the diroet matorials price and quantity vanances for tho three matorials. Round your price valuos for Croam Baso to hree decimal placesand Natural Ois & Bottes to two decinal places . Determie and interprer the cfrect labor rae and time vaniances for me two departments Do not round hours Round your answers to o decimal pliaces. 12. Determine and interpret the factory overhead controlable vaniance 13. Detormine and intorpror the tactory ovarhoad volume vanance. Round raro to four docimal placos and round your tial answor to tno decimal paces 14. why ane me standiand drect labor and direct marerals costs in the calulations for parta (to) and (11) Dased on me acual 1,500-case production valurmo rathor than mo planned 1250 casos of production used in e budgors tor parts () and (7)? Negative amount should be indicafed by the minus sign. Enter a favorable vaniance as a negative number using a minus sign and an unfavorable vaniance as a postive number 0 e en me and nter re the direct me en 5 proe and quan var ances or the treenaten s gatve amount should be in cated by m nus 5 gn E ter afavorable a arce a5 negat enn be usng m nus 5 gn and an un a ora e ar ance as posit ve num ber o you proe vah es or rear ase to tree decimal places and Natwal Ois & Bottles to two decimai places Direct Materials Price Variance Cream Base Natural Oils Actual price Standard price Dinerenoe Actual Dre matenalg pnoe variance $0.42 0.50 0.08X 18,750 $0.010 0.32V 0.020 0.30 53,000 bels. 612 X $1,500 XFV Points: 20 / 24 Diroct Matorials Quantity Varianoa Natural Os Actual quantity 53,000or 6,500ors 8,750 btls 150,000 45,000 8,000 3,000029 50 btis $0.50 32 Standard price $0.02 $0.30 Diroct materals quantty variance Eo $460 Points 27 /27 Ir. Delermine and interprer the cireer labor rate and time vaniances for me two departments Negative amount shouis be indieated by me minus sign Enter a favorable vaniance as a negative number using aminus sign and an untavorable variance ss a positive number Do ner oung hos, ound your answers to two decimal paces Diroct Labor Rate Variance Mixing Department Filling Departmant Actual rate Standard rate Dference Actual time Direct labor rate variance 18.20 18.00 $0.20 487.5V $07.00|x 14.00V 4.40V $0.4 140.0 u V $56.00F Points 1415 Direct Labor Time Variance Mixing Department Filling Department Actual time Standard time Diference Standard rate Direct labor time variance 4876 140.0 125.0 5.0 $14.40 $216.00 00.0 12.0 x S18.00 $216.00FY $216.CO X Points:13/15 13 e or no and no p et the actory o omoad vo ne ar ance. Noga ve anout si ould be n tod by th0 minus s . mer a a ora lo anance as a ne a vo nu ber ang mnus n and an uta orable a anco as a post e n mber. ound ato to our doon ai p aces rd rond our nal answer to two door a clooes. Factory Overhead Volume Variance Normal volume (caoes) 1,600 1,500 Differenoe Fixed faotory overhead rate Factory overmead volume variance 100 12.1600 1,21600xUV Points:5/7 The volume varianoe indicates the cost of underused capecity Points:11 Foedbapk Chack My Work 3. Facbory Overhead valume variance is the difarence betwson the namal production capacity and the actual units produced, mutiplied by the fixed Factory averhead rate. What coused the volume variance 14. Why ae the standard direct labor and direet materials coss in me calculasions for pats (o) and (11) based on the actual 1,500-case production volume raher han me planed 1,250 cases of production used in the Dudgets for pama ()ang (? The produetion volume of 1,374 X cases was planed at no begning of Auus Th variances compare the acual coset and the standard cost of setual produetion tor ene mont. Thus, the standard cost must be based on the units of actual production Poines