Lanier Bottle Company

Manufacturing Cost Budget or the Month Ended January $31$ILanier Information Provided:

Lanier Bottle Company manufactures plastic two$-$Liter bottles for the beverage industry. The cost standards per two$-$liter bottles are as follows:

Cost Category $/$ standard cost:

Direct Labor $/1\mathrm{.}25$

Direct Materials $/4\mathrm{.}80$

Factory Overhead $/1\mathrm{.}50$

Total : $7\mathrm{.}55$

At the Beginning of January Laniers bottles management planned to produce $3,500,00$ bottles. The number of Actual bottles produced for January was $3,600,000$ bottles.

Cost Category $/.$ Actual cost for the month end Jan $31$

Direct Labor $/46,750$

Direct Materials $/175,000$

Factory Overhead $/52,900$

Total : $247,650$

Need help filling out the charts seen in the attached photo.

Bottle Company

Manufacturing Costs$-$Budget Performance Report

For the Month Ended January $31$

c$.$ Lanier Bottle Company's actual costs were $$2,850$

than budgeted. The

: direct labor and direct materials cost variances more than offset the

factory overhead cost variance