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\mathrm{.}42$

Direct materials $4\mathrm{.}98$

Factory overhead $0\mathrm{.}34$

Total $$6\mathrm{.}74$

At the beginning of July, GBC management planned to produce $580,000$ bottles. The actual number of bottles produced for July was $626,400$ bottles. The actual costs for July of the current year were as follows:

Cost Category Actual Cost for the

Month Ended July $31$

Direct labor $$8,717$

Direct materials $30,446$

Factory overhead $2,151$

Total $$41,314$

Enter all amounts as positive numbers.

Question Content Area

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 July $31$

Standard Cost at

Planned Volume

$(580,000$ Bottles$)$

Manufacturing costs:

Direct labor $fill in the blank b$37$c$4$ff$99$fa$406$b$\_1$

Direct materials fill in the blank b$37$c$4$ff$99$fa$406$b$\_2$

Factory overhead fill in the blank b$37$c$4$ff$99$fa$406$b$\_3$

Total $fill in the blank b$37$c$4$ff$99$fa$406$b$\_4$

Question Content Area

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 July $31$

Actual

Costs Standard Cost

at Actual

Volume $(626,400$

Bottles$)$ Cost

Variance$-$

$($Favorable$)$

Unfavorable

Manufacturing costs:

Direct labor $fill in the blank $9$a$4$a$7$efdafc$3023\_1$

$fill in the blank $9$a$4$a$7$efdafc$3023\_2$

$fill in the blank $9$a$4$a$7$efdafc$3023\_3$

Direct materials fill in the blank $9$a$4$a$7$efdafc$3023\_4$

fill in the blank $9$a$4$a$7$efdafc$3023\_5$

fill in the blank $9$a$4$a$7$efdafc$3023\_6$

Factory overhead fill in the blank $9$a$4$a$7$efdafc$3023\_7$

fill in the blank $9$a$4$a$7$efdafc$3023\_8$

fill in the blank $9$a$4$a$7$efdafc$3023\_9$

Total manufacturing cost $fill in the blank $9$a$4$a$7$efdafc$3023\_10$

$fill in the blank $9$a$4$a$7$efdafc$3023\_11$

$fill in the blank $9$a$4$a$7$efdafc$3023\_12$

Question Content Area

c$.$ The Company's actual costs were

than budgeted.

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

factory overhead cost variance.