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-Liter Bottles Cost Category Direct labor Direct materials Factory overhead $1.54 5.76 0.28 $7.58 Total At the beginning of July, GBC management planned to produce 440,000 bottles. The actual number of bottles produced for July was 475,200 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 Direct materials Factory overhead $7,172 26,715 1,344 $35,231 Total 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. Genie in a Bottle Company Manufacturing Cost Budget Standard Cost at Planned Volume(440,000 Bottles) Manufacturing costs: Direct labor Direct materials Factory overhead Total