Budget Porformance Regort Senie in a Bottle Company (GBC) manufactures plastic two-lter botties for the beverage industry. The cont standards per 100 two-6ter botties are as follows At the beginning of July, GBC management planned to produce 690,000 botties, The actual numbar of bottles produced for July was J45.200 botiec. The actial coits fo July of the current year were as follows: Enter al amounts as positive numbers. Enter all amounts as positive numbers. a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhend) for wac, ansuming planned peoduction. Feedback Compare the actual costs with the standard cost at actual volume for direct labor, direct materials; and overhead, lonhthy the coet vaniance is triverabie iactial leak ita T Check My Wark unfavorable (actial greater than standard). Review the concepts of tavorable and unfavorable vaniances. Learning Objective 2 b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labof, and factory ousthind for July, Ente favorable variance as a negative number using a minus sign and an unfavorable variance as a positive numbee If required, round your anseiens to narett cent Feedback 1check My wok unfavorable (actual greater than standard). Review the concepts of favorable and untavorable variances. Learning Objective 2 b. Prepare a budget performance report for manufacturing costs, showing the total cost variances for direct materials, direct labof, and factory ousthind for July, Ente favorable variance as a negative number using a minus sign and an unfavorable variance as a positive numbee If required, round your anseiens to narett cent Feedback 1check My wok unfavorable (actual greater than standard). Review the concepts of favorable and untavorable variances. Learning Objective 2