eBook Show Me How Calculator Print Item 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 Cost Category per 100 Two-Liter Bottles Direct labor $1.12 Direct materials 5.3 Factory overhead 0.28 $6.7 Tota At the beginning of July, GBC management planned to produce 580,000 bottles. The actual number of bottles produced for July was 626,400 bottles. The actual costs for July of the current year were as follows: Actual Cost for the Cost Category Month Ended July 31 $6,875 Direct labor 32.402 Direct materials 1,771 Factory overhead $41,048 Total Enter all amounts as positive numbers a. Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for wec, assuming planned production. Gente n t Budgct Previous Next Check My Work 1 more Check My Work uses remaining Submit Assignment for Grading Save and Exit All work saved Calculator Show Me How Print Item eBook Prepare the July manufacturing standard cost budget (direct labor, direct materials, and factory overhead) for WBC, assuming planned production. na Bottle Company Genie Manufacturing Cost Budget For the Month Ended March 31 Planned Volume (580,000 Bottles) Manufacturing costs: Direct labor Direct materials Factory overhead Total 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. Genie in a Bottie Company Manufacturing Costs-Budget Performance Report For the Month Ended March 31 Cost Cost at Actual Variance Volume (626.400 Bottles) Favorable) Unfavorable Actual Costs Manufacturing costs: Direct iabor Direct materials Factory overhead Previous Next Check My Work 1 more Check My Work uses remaining. Submit Assignment for Grading Save and Exit wnrk eaued Manufacturing costs: Direct labor Direct materials Factory overhead Total 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. Genie in a Bottle Company Manufacturing Costs-Budget Performance Report For the Month Ended March 31 Standard Cost at Actual Volu Bottles) Cost Variance- ,400 Actual Unfavorable Costs Manufacturing costs: Direct labor Direct materials Factory overhead Total manufacturing cost 5 direct labor and direct material cost variances more than offset a small than budgeted. c. The Company's actual costs were $920.8 factory overhead cost variance. Next Previous more Check My Work uses remaining Check My Work Submit Assignment for Grading Save and Exit All work saved