Part C: Note: This section is a continuation from Parts A and B of the comprehensive problem. Be sure you have completed Parts A and B before attempting Port You may have to refer back to data presented in Parts A and B as well as use answers from those parts when completing this section 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 Units Cost Direct Materials Behavior per Case per Unit Cost per Case Cream base Variable 100 oz. $0.02 $2.00 Natural oils Variable 30 025 0.30 9.00 Bottle (8-Oz.) Variable -12 bottles 0.50 6.00 $17.00 DIRECT LABOR Department Cost Behavior Time per Case Labor Rate per Hour Direct Labor Cost per Case Variable 20 min $18.00 56.00 Mixing Filling 5 Variable 14.40 1.20 5720 25 min FACTORY OVERHEAD Cost Behavior Total Cost Utilities Mixed Fixed Facility lease Equipment depreciation Supplies $600 14,000 4,300 660 Fixed Fixed $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 cota provided the standard prices, rates, times, and quantities per case. There were 1,500 actual cases produced during August, which was 250 more cases thon 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 oz Natural oils $0.32 per oz. 31 05 Bottle (8-02.) 50.42 per bottle 12.5 bottes Actual Direct Labor Rate Actual Direct Labor Time per Case Previous Mixing Filling $18.20 19.50 min. 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. 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: Botties Cream Base Natural Oils Actual price Standard price Difference Previous 25. OZS otis 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 OZS OZS bis Actual quantity Standard quantity Difference O2 OS bis 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 hours, Enter the costs in dollars and cents. Direct Labor Rate Variance: Mixing Department Filling Department Actual rate Standard rate Difference