Lanier Bottle Company manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Standard Cost per 100 Cost Category Two-Liter Bottles \begin{tabular}{lc} \hline Direct labor & $1.25 \\ Direct materials & 4.80 \\ Factory overhead & 1.50 \\ \cline { 2 - 2 } Total & $7.55 \\ \cline { 2 - 2 } \end{tabular} Actual Cost for the Month Cost Category Ended January 31 \begin{tabular}{lr} \hline Direct labor & $46,750 \\ Direct materials & 175,000 \\ Factory overhead & 52,900 \\ \cline { 2 - 2 } Total & $274,650 \\ \cline { 2 - 2 } \end{tabular} Lanier Bottle Company Manufacturing Cost Budget For the Month Ended January 31 Line Item Description Manufacturing costs: Direct labor Direct materials Factory overhead Standard Cost at Planned Volume (3,500,000 Bottles)