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: 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 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. Genie in a Bottle Company Enter all amounts as positive numbers. a. Prepare the luly manufacturng standand cost budget (direct labor, direct matenals, and factory overhead) for WBC, assuming planned production. b. Prepare a budget performance report for manufactuning costs, showing the total cost vanances for direct matenals, direct labor, and factory overhead for July. Enter a favorable vanance 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 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 sma factory overhead cost variance