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Betterlife Corporation manufactures high quality water bottles. At the beginning of the year, the following...

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Betterlife Corporation manufactures high quality water bottles. At the beginning of the year, the following budgeted standards were established for the manufacture of a batch of water bottles (100 bottles per batch): Input 100 kilograms @ $2.00 per kg. 5 hours @ $18 per hr. Amount $200 Direct material Direct labour 90 Expected production volume per month is 5,000 direct labour hours. In the current month, 105,000 bottles were produced. There were no beginning inventories. The following costs were incurred in the month: $99,900 Direct labour 5,400 hours Direct material used 102,000 kg Direct material purchased 102,000 kg. $193,800 b) Susan Phipps (your boss and a non-accountant) asks you to explain in non-technical terms the meaning of each variance. Prepare notes to Susan to explain the results of your calculations such that she can follow up on these variances as necessary. (note: you need to present logical reasons for the outcome, not explain how the numbers were determined)

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