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 foliows: At the beginning of July, GBC management planned to produce 480,000 bottles. The actual number of botties produced for July was 518,400 bottles. The actual cos July of the current year were as follows: Enter all amounts as positive numbers. a. Prepare the July manufacturing staindard cost budget (direct latk, direct materials, and factory overhead) for wBC, assuming planned production. Genie in a Bottle Company Manufacturing Cost Budget For the Month Ended July 31 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. c. The Company's actual costs were than budgeted. direct labor and direct material cost variances more than offset a smal factory overhead cost variance