Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The coststandardsper 100 two-liter bottles are as follows:

Cost CategoryStandard Cost

per 100 Two-Liter

BottlesDirect labor$1.44Direct materials4.96Factory overhead0.44Total$6.84

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 of the current year were as follows:

Cost CategoryActual Cost for the

Month Ended July 31Direct labor$6,706Direct materials23,004Factory overhead2,112Total$31,822

Enter all amounts as positive numbers.

a.Prepare the July manufacturingstandard costbudget (direct labor, direct materials, and factory overhead) for WBC, assuming planned production.

Genie in a Bottle CompanyManufacturing Cost BudgetFor the Month Ended March 31Standard Cost at

Planned Volume

(440,000 Bottles)Manufacturing costs:Direct labor$

fill in the blank 19757b01ff8a078_1

Direct materialsfill in the blank 19757b01ff8a078_2

Factory overheadfill in the blank 19757b01ff8a078_3

Total$

fill in the blank 19757b01ff8a078_4

b.Prepare a budget performance report for manufacturing costs, showing the totalcost variancesfor 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 CompanyManufacturing Costs-Budget Performance ReportFor the Month Ended March 31

Actual

CostsStandard Cost

at Actual

Volume (475,200

Bottles)Cost

Variance-

(Favorable)

UnfavorableManufacturing costs:Direct labor$

fill in the blank 8b66eb072011ff2_1

$

fill in the blank 8b66eb072011ff2_2

$

fill in the blank 8b66eb072011ff2_3

Direct materialsfill in the blank 8b66eb072011ff2_4

fill in the blank 8b66eb072011ff2_5

fill in the blank 8b66eb072011ff2_6

Factory overheadfill in the blank 8b66eb072011ff2_7

fill in the blank 8b66eb072011ff2_8

fill in the blank 8b66eb072011ff2_9

Total manufacturing cost$

fill in the blank 8b66eb072011ff2_10

$

fill in the blank 8b66eb072011ff2_11

$

fill in the blank 8b66eb072011ff2_12

c.The Company's actual costs were $681.68

than budgeted.

direct labor and direct material cost variances more than offset a small

factory overhead cost variance.

) DaBaby Radio - Pandora X CengageNOWv2 | Online teachin X Homework Help - Q&A from On x + X -> @https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . 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 $1.44 Direct materials 4.96 Factory overhead 0.44 Total $6.84 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 of the current year were as follows: Actual Cost for the Cost Category Month Ended July 31 Direct labor $6,706 Direct materials 23,004 Factory overhead 2,112 Total $31,822 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. Previous Next Type here to search O 6:43 PM 25 91 OF 8/8/2021 741) DaBaby Radio - Pandora X CengageNOWv2 | Online teachin X *Homework Help - Q&A from On x + X -> C @ https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false . . 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 Manufacturing Cost Budget For the Month Ended March 31 Standard Cost at Planned Volume (440,000 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 Bottle Company Manufacturing Costs-Budget Performance Report For the Month Ended March 31 Previous Next Type here to search O 6:44 PM 125 91 OF 8/8/2021 741D I D [:II) DaBaby Radio , Pandora X j a: CengageNOWvZ | Online teachll X L. Homework Help , Q&A from On X I + X 6 G E] https://v2.cengagenow.com/i|rn/takeAssignment/takeAsslgnmentMaln.do?invoker:SnakeAssignrnentSessionLocator:&inprogress:false .ocw. , own\"-.. m... D 0 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 CostsBudget Performance Report For the Month Ended March 31 Standard Cost Cost at Actual Variance- Actual Volume (475,200 (Favorable) Bottles) Unfavorable Costs Manufacturing costs: Direct labor Direct materials Factory overhead UBDU HUGE DEED Total manufacturing cost c. The Company's actual costs were $681.63 V than budgeted. V direct labor and direct material cost variances more than offset a small v factory overhead cost variance. ( Previous Next ) 4 PM ,0 Type here to search \\ Macaw