P$-$M:$8-33$B Computing and journalizing standard cost variances

Middleton manufactures coffee mugs that it sells to other companies for customizing with their own logos$.$ Middleton prepares flexible budgets and uses a standard cost system to control manufacturing costs. The standard unit cost of a coffee mug is based on static budget volume of $59,800$ coffee mugs per month:

$\backslash$table$[[$Direct Materials $(0\mathrm{.}2$ lbs$.$ @ $$0\mathrm{.}25$ per lb$.),,$$$0\mathrm{.}05$