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 Category Standard Cost per 100 Two-Liter Bottles Direct labor $4.00 Direct materials 9.30 Factory overhead 0.70 Total $14.00 Cost Category Actual Cost for the Month Ended July 31 Direct labor $16,070 Direct materials 37,443 Factory overhead 3.357 Total $56,870 Genie in a Bottle Company 5'10\": 15/43 Manufacturing CostsBudget Performance Report For the Month Ended July 31 Standard Cost at Cost Variance Manufacturing Costs Actual Costs ActualVolume (Favorable) (416,000 Bottles) Unfavorable Direct labor $15,070.00 " Direct materials 57,443.00 " Factory overhead 3,357.00 V Total manufacturing costs $56,870.00 V