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-ther Iottles Direct labor $1.12 Direct materials 6.38 Factory overhead 0.28 Total $7.?8 At the beginning of July, GBC management planned to produce 690,000 bottles. The actual number of bottles produced for July was 745,200 bottles. The actual costs for July of the current year were as follows: Actual Conform cm cm"? Month Ended July 31 Direct labor $3,179 Direct materials 46,403 Factory overhead 2,10? Total $55,539 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 Hanufacturlng Cost Budget For the Month Ended March 31 Standard Cost at Planned Volume {seamen Bottles) Manufacturing costs: Direct labor $|:| Direct materials |:| Factory overhead |:| Total 3': 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 Cost at Actual Varlancle- Volume (145,200 (Favorable) Actual Bottles) Unfavorable Costs Manufacturing costs: Direct labor $|:| E Direct materials ':| ':| Factory overhead ':| ':| Total manufacturing cost $':| E llm