Question: need help please!! please if you can explain the steps! I HAVE ANSWERED PARTS 1-4 PLEASE HELP WITH THE REST Geruine Spice lnc, began operafions

need help please!! please if you can explain the steps!
need help please!! please if you can explain the steps! I HAVE
ANSWERED PARTS 1-4 PLEASE HELP WITH THE REST Geruine Spice lnc, began
operafions on January 1 of the current year. The compary produces 8-ounce
bottles of hand and body lotion called Etomat Bealut- The lobion is
sold whotesale in 12-botile cases for $100 per case. There is a
selling commission of $20 por case. The January direct matedials, direct labor,
and factory orechead costs ire as folomi: Instructions Amount Descriptions ! Questions
Instructions Amount Descriptions Ge 12 Amount Descriptions-Part A Controllable variance Equipment depreciation
Facility lease Supplies Utilities Volume variance 1. Determine the fixed and variable
portions of the utility cost using the high-low method. Additional Instruction Spice
Inc. began operations on January 1 of the current year. The company
produces 8 -ounce bottles 0 5. Prepare the August direct matenlals purchases
budget. Feedoack Check My Work 6. Production quantify plus desired ending inventory
minus estimaled beginning invertory oquals quantey to be purchased. Multiply quantity by
the unit price. 7. Prepare the August direct labor budget. 8. Prepare
the August factory overhead budget. 9. Prepare the August budgeted income statement,
including selling expenses. Additional Instruction Budgeted Income Statement Shaded cols have leedback.
X Sales Finished goods inventory. August 1 Direct materials inventory, August 1
I HAVE ANSWERED PARTS 1-4 PLEASE HELP WITH THE REST

Geruine Spice lnc, began operafions on January 1 of the current year. The compary produces 8-ounce bottles of hand and body lotion called Etomat Bealut- The lobion is sold whotesale in 12-botile cases for $100 per case. There is a selling commission of $20 por case. The January direct matedials, direct labor, and factory orechead costs ire as folomi: Instructions Amount Descriptions ! Questions Instructions Amount Descriptions Ge 12 Amount Descriptions-Part A Controllable variance Equipment depreciation Facility lease Supplies Utilities Volume variance 1. Determine the fixed and variable portions of the utility cost using the high-low method. Additional Instruction Spice Inc. began operations on January 1 of the current year. The company produces 8 -ounce bottles 0 5. Prepare the August direct matenlals purchases budget. Feedoack Check My Work 6. Production quantify plus desired ending inventory minus estimaled beginning invertory oquals quantey to be purchased. Multiply quantity by the unit price. 7. Prepare the August direct labor budget. 8. Prepare the August factory overhead budget. 9. Prepare the August budgeted income statement, including selling expenses. Additional Instruction Budgeted Income Statement Shaded cols have leedback. X Sales Finished goods inventory. August 1 Direct materials inventory, August 1 Direct materials purchases Direct materials inventory, August 31 Cost of direct materials for production 5 Direct labor Factory overhead Finithed goods inventory, August 31 Cost of goods sold Gross profit Selling expenses Operating income Feedback 10. Defermine and inteppet the direct materials price and quantity variances for the three moterials 10. Determine and interpref the direct materiais price and quantity variances for the three materials. The fiuctuation in Ganted the drect manerlal price varances. Al the Diect maseral quacely variances were indicating 11. Determine and interpret the direct labor rate and time variances for the two departments. The change in the cavsed the labor rate variances. This chanee have been respons ble for the direct labor tme variance Feedback Check My Work ve change in the caused the labor rale variances. This change have been responsible for the direct labor fime variance. Feooback Chock My Work 11. Direct Labor rate variance is the diflerence between the actual and standard hourly rates, multiled by the actual hours. Direct Labor Tene variance is the diflerence betwetn the actual and standard hours, muliplied by the standsrd rate per hour. What caused the rate and tune variances? 12. Detarmine and interpret the factory ovemead controllablo variance. 13. Determine and interpret the factory ovevhedd volume variance. The volume varamce indicales the cost of 13. Faclory Overhead volame variance is the difference between the normal production capachy and the astual units produced, musiplied by the fixod Factory orechead rate. What caused the volume variance? 14. Why are the standand divect labor and drect materiais cosfs in the catculabione for parts (to) and (11) basco on the actud 1,600-case producton volume father than the plamedt t.375 cases of paduction used in the bucgets for parts (0) and (7)? The prodaction wolume of cases was planned at the begining of August. The vonances compare the actual cost and the stardart cost of for the month. Thus, the standard cost misur be based on the units of actual production. Feodback Check My Work 14. The variances compare the actual cost and the standaed cost of actual production for the mone. Geruine Spice lnc, began operafions on January 1 of the current year. The compary produces 8-ounce bottles of hand and body lotion called Etomat Bealut- The lobion is sold whotesale in 12-botile cases for $100 per case. There is a selling commission of $20 por case. The January direct matedials, direct labor, and factory orechead costs ire as folomi: Instructions Amount Descriptions ! Questions Instructions Amount Descriptions Ge 12 Amount Descriptions-Part A Controllable variance Equipment depreciation Facility lease Supplies Utilities Volume variance 1. Determine the fixed and variable portions of the utility cost using the high-low method. Additional Instruction Spice Inc. began operations on January 1 of the current year. The company produces 8 -ounce bottles 0 5. Prepare the August direct matenlals purchases budget. Feedoack Check My Work 6. Production quantify plus desired ending inventory minus estimaled beginning invertory oquals quantey to be purchased. Multiply quantity by the unit price. 7. Prepare the August direct labor budget. 8. Prepare the August factory overhead budget. 9. Prepare the August budgeted income statement, including selling expenses. Additional Instruction Budgeted Income Statement Shaded cols have leedback. X Sales Finished goods inventory. August 1 Direct materials inventory, August 1 Direct materials purchases Direct materials inventory, August 31 Cost of direct materials for production 5 Direct labor Factory overhead Finithed goods inventory, August 31 Cost of goods sold Gross profit Selling expenses Operating income Feedback 10. Defermine and inteppet the direct materials price and quantity variances for the three moterials 10. Determine and interpref the direct materiais price and quantity variances for the three materials. The fiuctuation in Ganted the drect manerlal price varances. Al the Diect maseral quacely variances were indicating 11. Determine and interpret the direct labor rate and time variances for the two departments. The change in the cavsed the labor rate variances. This chanee have been respons ble for the direct labor tme variance Feedback Check My Work ve change in the caused the labor rale variances. This change have been responsible for the direct labor fime variance. Feooback Chock My Work 11. Direct Labor rate variance is the diflerence between the actual and standard hourly rates, multiled by the actual hours. Direct Labor Tene variance is the diflerence betwetn the actual and standard hours, muliplied by the standsrd rate per hour. What caused the rate and tune variances? 12. Detarmine and interpret the factory ovemead controllablo variance. 13. Determine and interpret the factory ovevhedd volume variance. The volume varamce indicales the cost of 13. Faclory Overhead volame variance is the difference between the normal production capachy and the astual units produced, musiplied by the fixod Factory orechead rate. What caused the volume variance? 14. Why are the standand divect labor and drect materiais cosfs in the catculabione for parts (to) and (11) basco on the actud 1,600-case producton volume father than the plamedt t.375 cases of paduction used in the bucgets for parts (0) and (7)? The prodaction wolume of cases was planned at the begining of August. The vonances compare the actual cost and the stardart cost of for the month. Thus, the standard cost misur be based on the units of actual production. Feodback Check My Work 14. The variances compare the actual cost and the standaed cost of actual production for the mone

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