5.82 0.3 eBook Show Me How Print hom 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 Standard Cost per 100 Two-Liter Cost Category Bottles Direct labor $1.36 Direct materials Factory overhead Total $7.48 At the beginning of July, GBC management planned to produce 620,000 bottles. The actual number of bottles produced for July was 669,600 bottles. The actual costs for July of the current year were as follows: Actual Cost for the Cost Category Month Ended July 31 Direct labor $8,924 Direct materials 38,035 Factory overhead 2,029 Total $48,988 Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WBC, assuming planned production Genle in a Bottle Company Previous Next Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget direct labor, direct materials, and factory overhead) for wec, assuming planned production Genie in a Bottle Company Manufacturing Cost Budget For the Month Ended July 31 Standard Cost at Planned Volume (620,000 Bottles) Manufacturing costs: Direct labor Direct materials Factory overhead Total oBook Show Me How Print them Factory overhead Total b. Prepare a budget performance report for manufacturing costs, showing the total cost variants for direct materials, direct labor, and factory overhead for July, Entera favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Round your answers to two decimal places. Genie in a Bottle Company Manufacturing Costs-Budget Performance Report For the Month Ended July 31 Standard Cost Cost at Actual Variance- Actual Volume (669,600 (Favorable) Bottles) Unfavorable Costs Manufacturing costs Direct labor Direct materials Factory overhead Total manufacturing cost direct labor and direct material cost variances more than offset a than budgeted c. The Company's actual costs were small factory overhead cost variance