Question
Direct Labor Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.6 units of material per pair of shoes. During
Direct Labor
Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.6 units of material per pair of shoes. During July, Sole Purpose Shoe Company incurred actual direct materials costs of $60,632 for 6,890 units of direct materials in the production of 2,150 pairs of shoes.
Complete the following table, showing the direct materials variance relationships for July for Sole Purpose Shoe Company. If required, round your answers to two decimal places. When entering variances, use a negative number for a favorable cost variance, and a positive number for an unfavorable cost variance.
Actual Cost | Standard Cost | |||||||||
Actual Quantity | X | Actual Price | Actual Quantity | X | Standard Price | Standard Quantity | X | Standard Price | ||
X | X | |||||||||
= | = | = | ||||||||
Direct Materials Variance: | Direct Materials Variance: | |||||||||
Total Direct Materials Variance: | ||||||||||
Direct Labor |
Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.8 hours of labor per pair of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $66,612 for 7,320 hours of direct labor in the production of 2,100 pairs of shoes.
Complete the following table, showing the direct labor variance relationships for August for Sole Purpose Shoe Company. If required, round your answers to two decimal places. When entering variances, use a negative number for a favorable variance, and a positive number for an unfavorable variance.
Actual Cost | Standard Cost | |||||||||
Actual Hours | X | Actual Rate | Actual Hours | X | Standard Rate | Standard Hours | X | Standard Rate | ||
X | X | |||||||||
= | = | = | ||||||||
Direct Labor Variance: | Direct Labor Variance: | |||||||||
Total Direct Labor Variance: | ||||||||||
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