b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July. Enter a 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 c. The Company's actual costs were than budgeted. direct labor and direct material cost variances more than offset a small factory overhead cost variance. Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic twoliter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: At the beginning of July, GBC management planned to produce 560,000 bottles. The actual number of bottles produced for July was 604,800 bottles. The actual costs for July of the current year were as follows: 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. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labor, and factory overhead for July. Enter a 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