Instruction: 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:

$-$ Determine the fixed and variable portions of the utility cost using the high$-$low method.

$-$Determine the fixed costs per month, including the utility fixed cost.

$-$Deteemine the break$-$even number if cases oer month. $\_$ Cases.

$-$Prepare the august production budget.

$-$prepare the august direct materials purchases budget.

$-$Prepare The august direct labor budget.

$-$Prepare the August factory overhead budget

$-$Prepare the August budgeted income statemnt, including selling expenses.

$-$Determine and interpret materials proce and quantity variances for three materials.

$-$Determine and interpret the direct labor rate abd tine variances for the two departments.

$-$Determine and interpret the factory iverhead contrillable variance.

$-$Determine and interpret the factory overhead volume variance.