Requirements are to provide writtenaccounting analysis and/or businessrecommendations for each scenario andquestion. Please demonstrate your workand calculations. Thank you

Background c. Calculate direct material expense variance for July 2022. 1. Show your work. Calla Lily Industries manufactures perfumes for the beauty industry. They have one fa- li. Is the difference favorable or unfavorable? cility located in the United States. As a member of their finance team, you are a trusted d. Write a summary, in paragraph form, of your variance analysis and rec- business advisor. In addition to providing the accounting for the below transactions, ommendations. You must support your response. leadership is relying upon your analysis and business advice. Questions/Scenarios 1. Calla Lilly leadership needs you to perform a direct material and labor variance analysis. Production of 125,000 ounces of perfume should require 1 pallet of Scent and 700 Factory Labor hours. Standard pricing for a pallet of Scent is $8500 and $20 per Factory Labor hour. Calla Lily paid $10,000 per pallet of End of document Scent in actual costs. They purchased 1 pallet of Scent #Al and 1 pallet of Scent #B1. Total Factory Labor expense for month ending July 31, 2022, was $30,000. a. Calculate total Factory Labor hours used in July 2022. i. Show your work. b. Calculate direct labor expense variance for July 2022. i. Show your work. ii. Is the difference favorable or unfavorable? Read Mode Screens 3-4 of 4 16 Focus + 100% Type here to search 620F ~ (40 ) 11:50 PM O R 4/26/2022