2. Budget Performance Report

Genie in a Bottle Company (GBC) 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			$1.5
Direct materials			6.28
Factory overhead			0.38
	Total		$8.16

At the beginning of July, GBC management planned to produce 550,000 bottles. The actual number of bottles produced for July was 594,000 bottles. The actual costs for July of the current year were as follows:

Cost Category		Actual Cost for the Month Ended July 31
Direct labor						$8,732
Direct materials						36,408
Factory overhead						2,280
	Total					$47,420