Budget Performance Report Genie in a 5ottle Campany (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-titer bottes are as follows At the beginning of July, GOC manegement planned to produce 690,000 bottles. The actual number of bottles produced for Juty was 745,200 botties. The actual costs for luly of the current year were as follows: tnter all amounts as povitive numbers. a. Prepare the July monitocturing standord cost budget (direct labor, direct moterials, and foctory overhead) for wBC, assuming planned production. b. Prepore a budget performance report for manutacturing costs, showing the total cost variances for direct moterials, direct labor, and foctory overhead for July. Enter a favorable varisnces as a negative number using o minus sign and an unfavorable variance as a positive number. Round your answers to two decimal places. b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct iabor, and factory overnead for July. Enter o fovorable vorionce as a negotive number using o minus sign and on unfavorable variance as a positive number. Mound your answers to two decimal places. c. The Company's actual costs were? than budgeted. direct labor and direct material cost varianses more than oftset a small factory overtiead colt variance