McAlisters Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor   $1.20       Direct materials   5.52       Factory overhead   0.26         Total   $6.98       At the beginning of May, McAlisters Bottle’s management planned to produce 530,000 bottles. The actual number of bottles produced for May was 570,000 bottles. The actual costs for May of the current year were as follows: Cost Category Actual Cost for the Month Ended May 31 Direct labor         $6,980         Direct materials         30,710         Factory overhead         1,500           Total         $39,190         a.  Prepare the May manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for McAlisters Bottle Company, assuming planned production. Enter all amounts as positive numbers. McAlisters Bottle Company Manufacturing Cost Budget For the Month Ended May 31   Standard Cost at Planned Volume (530,000 Bottles) Manufacturing costs:   Direct labor $fill in the blank fe0619febf8afda_1 Direct materials fill in the blank fe0619febf8afda_2 Factory overhead fill in the blank fe0619febf8afda_3 Total $fill in the blank fe0619febf8afda_4 b.  Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for May. Enter favorable variances as negative numbers. Enter unfavorable variances and all other amounts as positive numbers. McAlisters Bottle Company Manufacturing Costs - Budget Performance Report For the Month Ended May 31   Actual Costs Standard Cost at Actual Volume (570,000 bottles) Cost Variance (Favorable) Unfavorable Manufacturing costs:       Direct labor $fill in the blank d169b203102efe5_1 $fill in the blank d169b203102efe5_2 $fill in the blank d169b203102efe5_3 Direct materials fill in the blank d169b203102efe5_4 fill in the blank d169b203102efe5_5 fill in the blank d169b203102efe5_6 Factory overhead fill in the blank d169b203102efe5_7 fill in the blank d169b203102efe5_8 fill in the blank d169b203102efe5_9 Total manufacturing cost $fill in the blank d169b203102efe5_10 $fill in the blank d169b203102efe5_11 $fill in the blank d169b203102efe5_12 c.  Which of the following statements is true regarding McAlisters's budget performance report?

Dawson Toys, Limited, produces a toy called the Maze with the following standards: Direct materials: 7 microns per toy at $0.34 per micron Direct labor: 1.2 hours per toy at $6.90 per hour During July, the company produced 5,100 Maze toys. The toy's production data for the month are as follows: Direct materials. 73,000 microns were purchased at a cost of $0.33 per micron. 28,375 of these microns were still in inventory at the end of the month. Direct labor. 6,420 direct labor-hours were worked at a cost of $47,508. Required: 1. Compute the following variances for July: Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Do not round intermediate calculations. Round final answer to the nearest whole dollar amount. a. The materials price and quantity variances. b. The labor rate and efficiency variances. 1a. Material price variance 1a. Material quantity…

Dalton Quilting Company makes blankets that it markets through a variety of department stores. It makes the blankets in batches of 1100 units Dalton made 21,000 blankets during the prior accounting period. The cost of producing the blankets is summarized here. Materials cost ($10 per unit 21,000) Labor cost (59 per unit 21,000) Manufacturing supplies ($1.50 21,000) Batch-level costs (20 batches at $2,425 per batch) Product level costs Facility level costs Total costs Cost per unit $716,250 21,000 $34.11 Required $210,000 189,000 31,500 49,500 14,000 152,250 5716,250 a. Sunny Motels has offered to buy a batch of 550 blankets for $24 each Dalton's normal selling price is $45 per unit. Calculate the relevant cost per unit for the special order Based on the preceding quantitative data, should Dalton accept the special order? b. Sunny offered to buy a batch of 1100 blankets for $24 per unit. Calculate the relevant cost per unit for the special order. Should Dalton accept the special order?…

Solly Corporation produces a product for national distribution. Standards for the product are: • Materials: 12 ounces per unit at 60¢ per ounce. • Labor: 2 hours per unit at $8 per hour. During the month of December, the company produced 1,000 units. Information for the month follows: • Materials: 14,000 ounces purchased and used at a total cost of $7,700. . • Labor: 2,500 hours worked at a total cost of $20,625. The labor efficiency variance is: Multiple Choice $4,000 F $4,125 F $4,125 U $4,000 U