Part C-August Variance Analysis During September of the current year, the controller was asked to perform variance analyses for August. The January operating data provided the standard prices, rates, times, and quantities per case. There were 1,500 actual cases produced during August, which was 250 more cases than planned at the beginning of the month. Actual data for August were as follows: Actual Direct Actual Direct Materials Price Materials Quantity per Case per Unit $0.016 per oz $0.32 per oz 102 ozs Cream base Natural oils 31 ozs. Bottle (8-oz.) $0.42 per bottle 12.5 bottles Actual Direct Actual Direct Labor Rate Labor Time per Case Mixing $18.20 19.50 min. 5.60 min. Filling 14.00 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. Instructions 10. Determine and interpret the direct materials price and quantity variances for the three materials 11. Determine and interpret the direct labor rate and time variances for the two departments. Round hours to the nearest hour. Answer 12. Determine and interpret the factory overhead controllable variance. Answer