Chapter 8 - Homework eBook Show Me How Calculator E Print Item 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(520,000 Bottles) Manufacturing costs: Direct labor Direct materials Factory overhead Total 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. If required, round your answers to nearest cent. Genie in a Bottle Company Manufacturing Costs-Budget Performance Report For the Month Ended July 31 Actual Standard Cost at Actual Volume(561,600 Bottles) Cost Variance- (Favorable) Unfavorable Costs Manufacturing costs: Direct labor Direct materials Factory overhead Total manufacturing cost $ Check My Work 5 more Check My Work uses remaining. Assignment Score: 0.0% Save and Exit Submit Assignment for Grading eBook Show Me How Calculator Print Item Chapter 8 - Homework Manuacluring COSES. Direct labor Direct materials Factory overhead Total 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. If required, round your answers to nearest cent. Genie in a Bottle Company Manufacturing Costs-Budget Performance Report For the Month Ended July 31 Standard Cost at Actual Volume(561,600 Bottles) Costs Cost Variance- (Favorable) Unfavorable Manufacturing costs: Direct labor Direct materials Factory overhead Total manufacturing cost $ than budgeted. direct labor and direct material cost variances more than offset a small c. The Company's actual costs were $909.12 factory overhead cost variance. Check My Work 5 more Check My Work uses remaining.