Budget performance report EX 23-3 OBJ.2 b. Direct labor cost Time in a Bottle Company (TBC) manufactures plastic two-liter bottles for the beverages riance, $1,090 industry. The cost standards per 100 two-liter bottles are as follows: apter 23 Performance Evaluationgarces from Standard Costs 1091 Standard Cost per 100 Two-Liter Bottles Cost Category Direct labor Direct materials Factory overhead S 1.80 8.25 0.50 Total $10.55 management planned to produce 600,000 bottles. The oduced for May was 610,000 bottles. The actual costs for May t the beginning of May, TBC actual number of bottles of the current year were as follows: Actual Cost for the Cost Category9,890 Direct labor Direct materials Factory overhead Month Ended May 31, 2014 48,450 $61,800 3,460 Total Prepare the May manufact a. uring standard cost budget (direct labor, direct materials, b. Prepare a budget perf irect materials, direct labor, and factory overhead for May ormance report for manufacturing costs, showing the total cost Interpret the budget performance report. C