Budget Performance Report Sarah has learned a lot from you over the past two months, and has compiled the following data for Sole Purpose Shoe Company for September using the techniques you taught her. She would like your help in preparing a Budget Performance Report for September. The company produced 2,500 pairs of shoes that required 6,750 units of material purchased at $8.20 per unit and 6,750 hours of labor at an hourly rate of $8.90 per hour during the month. Actual factory overhead during September was $20,250. When entering variances, use a negative number for a favorable cost variance, and a positive number for an unfavorable cost variance. Use the data in the following table to prepare the Budget Performance Report for Sole Purpose Shoe Company for September. Standard Manufacturing Costs Direct materials Direct labor Standard Price Standard Quantity Cost Per Unit $8.40 per unit $8.50 per hour Factory overhead $2.70 per hour 3.60 units per pair 2.80 hours per pair 2.80 hours per pair $30.24 23.80 7.56 Total standard cost per pair $61.60 Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 Manufacturing Costs Actual Costs Direct materials 100,450 X Standard Cost at Actual Volume Cost Variance- (Favorable). Unfavorable Manufacturing Costs Direct materials Direct labor Factory overhead Standard Price Standard Standard Cost Quantity Per Unit $8.40 per unit $8.50 per hour $2.70 per hour 3.60 units per pair 2.80 hours per pair $30.24 23.80 2.80 hours per pair 7.56 $61.60 Total standard cost per pair Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 Manufacturing Costs Actual Costs Standard Cost at Actual Volume Direct materials 100,450 X Direct labor Factory overhead Total manufacturing costs Cost Variance- (Favorable) Unfavorable