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: Standard Cost per 100 Two- Cost Liter Bottles Direct labor $2.00 Direct 9.10 materials Category 0.55 Factory overhead Total $11.65 At the beginning of July, GBC management planned to produce 400,000 bottles. The actual number of bottles produced for July was 406,000 bottles. The actual costs for July of the current year were as follows: Actual Cost for the Month Ended July Cost Category 31 Direct labor $7,540 Direct materials 35,750 Factory 2,680 overhead $45,970 Total Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for GBC, assuming planned production. Genie in a Bottle Company Manufacturing Cost Budget For the Month Ended July 31 Standard Cost at Planned Volume (400,000 Bottles) Manufacturing costs: Direct labor Direct materials Factory overhead Total