Problem $24\mathrm{.}3$A $($Algo$)$ Computing and Journalizing Cost Variances $($LO$24-3,$ LO$24-4)$

Bottom$-$Shelf Provisions uses standard costs in its process costing system. At the end of the current month, the following information is prepared by the company$$s cost accountant:

$$Direct MaterialsDirect LaborManufacturing OverheadActual costs incurred$ $45,600$$ $43,025$$ $57,458$Standard costs allowed$42,60046,50052,975$Materials price variance $($favorable$)2,580$Materials quantity variance $($unfavorable$)5,580$Labor rate variance $($favorable$)4,160$Labor efficiency variance $($unfavorable$)685$Overhead spending variance $($unfavorable$)1,478$Overhead volume variance $($unfavorable$)3,005$

The total standard cost per unit of finished product is $$18.$ During the current month, $3,500$ units were completed and transferred to the finished goods inventory and $2,870$ units were sold. The inventory of work in process at the end of the month consists of $700$ partially completed units. There was no inventory in process at the beginning of the month.

Required:

Prepare journal entries to record all variances and the costs incurred $($at standard$)$ in the Work in Process account as separate compound entries for $(1)$ direct materials, $(2)$ direct labor, and $(3)$ manufacturing overhead.

Prepare journal entries to record $(1)$ the transfer of units finished to the Finished Goods Inventory account and $(2)$ the Cost of Goods Sold $($at standard$)$ for the month.

Assuming that the company operated at $70$ percent of its normal capacity during the current month, what is the amount of the budgeted fixed manufacturing overhead per month?