Comprehensive Problem $5$ Part C$-$August Variance Analysis more cases than planned at the beginning of the month. Actual data for August were as follows:

$\backslash$table$[[,\backslash$table$[[$Actual Direct Materials$],[$Price per Unit$]],\backslash$table$[[$Actual Direct Materials$],[$Quantity per Case$]]],[$Cream base,$$0\mathrm{.}016$ per oz$.,],[$Natural oils,$$0\mathrm{.}32$ per oz$.,102$ ozs.$],[$Bottle $(8-$oz$.),$Actual Direct Labor,$31$ ozs.$],[,$Rate,$12\mathrm{.}5$ bottles$],[$Mixing$,$$$18\mathrm{.}20,$Actual Direct Labor$],[$Filling$,14\mathrm{.}00,$Time per Case$],[$Actual variable overhead,$$305\mathrm{.}00,19\mathrm{.}50$ min.$],[$Normal volume,$1,600$ cases,$5\mathrm{.}60$ min.$]]$

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.

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$).$

Direct Materials Price Variance:

Enter the standard price to two decimal places.

Direct Materials Quantity Variance: Determine and interpret 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:

Determine and interpret the factory overhead controllable variance.

Actual variable overhead

Variable overhead at standard cost

Factory overhead controllable variance

Indicate if favorable or unfavorable

Determine and interpret the factory overhead volume variance. Round rate to four decimal places and round your final answer to two decimal places.

Normal volume $($cases$)$

Actual volume $($cases$)$

Difference

Fixed factory overhead rate

Factory overhead volume variance

Indicate if favorable or unfavorable

The production volume of

cases was planned at the beginning of August. The variances compare the actual cost and the standard cost of

for the month. Thus, the standard cost must be based on the

units of actual

production.

Part C:

completing this section.

January direct materials, direct labor, and factory overhead costs are as follows:

DIRECT MATERIALS

DIRECT LABOR

FACTORY OVERHEAD