diff --git a/erpnext/controllers/item_variant.py b/erpnext/controllers/item_variant.py
index 41b8b88..4f1bb6e 100644
--- a/erpnext/controllers/item_variant.py
+++ b/erpnext/controllers/item_variant.py
@@ -28,16 +28,14 @@
 
 	return find_variant(template, args, variant)
 
-def validate_item_variant_attributes(item, args):
-	attribute_values = {}
-	for t in frappe.get_all("Item Attribute Value", fields=["parent", "attribute_value"],
-		filters={"parent": ["in", args.keys()]}):
+def validate_item_variant_attributes(item, args=None):
+	if not args:
+		args = {d.attribute:d.attribute_value for d in item.attributes}
 
-		(attribute_values.setdefault(t.parent.lower(), [])).append(t.attribute_value)
+	attribute_values = get_attribute_values()
 
-	numeric_attributes = frappe._dict((t.attribute.lower(), t) for t in \
-		frappe.db.sql("""select attribute, from_range, to_range, increment from `tabItem Variant Attribute`
-		where parent = %s and numeric_values=1""", (item), as_dict=1))
+	numeric_attributes = frappe._dict({d.attribute: d for d
+		in item.attributes if d.numeric_values==1})
 
 	for attribute, value in args.items():
 		if attribute.lower() in numeric_attributes:
@@ -56,7 +54,7 @@
 			#avoid precision error by rounding the remainder
 			remainder = flt((flt(value) - from_range) % increment, precision)
 
-			is_incremental = remainder==0 or remainder==0 or remainder==increment
+			is_incremental = remainder==0 or remainder==increment
 
 			if not (is_in_range and is_incremental):
 				frappe.throw(_("Value for Attribute {0} must be within the range of {1} to {2} in the increments of {3}")\
@@ -66,6 +64,16 @@
 			frappe.throw(_("Value {0} for Attribute {1} does not exist in the list of valid Item Attribute Values").format(
 				value, attribute), InvalidItemAttributeValueError)
 
+def get_attribute_values():
+	if not frappe.flags.attribute_values:
+		attribute_values = {}
+		for t in frappe.get_all("Item Attribute Value", fields=["parent", "attribute_value"]):
+			(attribute_values.setdefault(t.parent.lower(), [])).append(t.attribute_value)
+
+		frappe.flags.attribute_values = attribute_values
+
+	return frappe.flags.attribute_values
+
 def find_variant(template, args, variant_item_code=None):
 	conditions = ["""(iv_attribute.attribute="{0}" and iv_attribute.attribute_value="{1}")"""\
 		.format(frappe.db.escape(key), frappe.db.escape(cstr(value))) for key, value in args.items()]
diff --git a/erpnext/stock/doctype/item_attribute/item_attribute.py b/erpnext/stock/doctype/item_attribute/item_attribute.py
index 7bcb21a..7529ef6 100644
--- a/erpnext/stock/doctype/item_attribute/item_attribute.py
+++ b/erpnext/stock/doctype/item_attribute/item_attribute.py
@@ -6,7 +6,7 @@
 from frappe.model.document import Document
 from frappe import _
 
-from erpnext.controllers.item_variant import InvalidItemAttributeValueError
+from erpnext.controllers.item_variant import validate_item_variant_attributes, InvalidItemAttributeValueError
 
 
 class ItemAttributeIncrementError(frappe.ValidationError): pass
@@ -24,9 +24,9 @@
 
 	def validate_exising_items(self):
 		'''Validate that if there are existing items with attributes, they are valid'''
-		for item in frappe.db.sql('''select i.name from `tabItem Variant Attribute` iva, `tabItem` i
+		for item in frappe.db.sql('''select distinct i.name from `tabItem Variant Attribute` iva, `tabItem` i
 			where iva.attribute = %s and iva.parent = i.name and i.has_variants = 0''', self.name):
-			frappe.get_doc('Item', item[0]).validate_variant_attributes()
+			validate_item_variant_attributes(frappe.get_doc('Item', item[0]))
 
 	def validate_numeric(self):
 		if self.numeric_values: