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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: Cost
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: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.5 Direct materials 5.32 Factory overhead 0.32 Total $7.14 At the beginning of July, GBC management planned to produce 610,000 bottles. The actual number of bottles produced for July was 658,800 bottles. The actual
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