Direct Materials Under normal conditions, Sarah spends 58.40 per unit of materials, and it will take 3.60 units of material per pair of shoes. During July, Solo Purpose Shoe Company Incurred actual direct materials costs of $61,321 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 Actual Actual Standard Standard X Standard Quantity Price Quantity Price Quantity Price 6,890 X X X X Direct Materials Unfavorable Price Direct Materials Variante Variance: Favorable Cost Total Direct Materials Variance Direct Labor Under normal conditions, Sarah pays her employees $8.50 per hour, and it will take 2.80 hours of labor per palt of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $65,340 for 7,260 hours of direct labor in the production of 2.300 pers 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 Standard Cost Actual Cost 3 Actual Hours Actual Rate Standard Hours Standard Rate Actual Hours Standard Rate X X X Unfavorable Direct Labor Variance: Direct Labor Variance Total Direct Labor Variances 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 3,000 palts of shoes that required 10,500 units of material purchased at $8.20 per unit and 8,100 hours of labor at an hourly rate of $8.90 per hour during the month. Actual factory overhead during September was $24,300. 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 Price Standard Cost Per Unit Manufacturing Costs Direct materials $8.40 per unit $30.24 > Standard Quantity 3,60 units per pair 2.80 hours per pair 2.80 hours per pair 23.80 Direct labor $8.50 per hour $2.70 per hour 7.56 Factory overhead Total standard cost per pair $61.60 Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 Standard Cost at Actual Volume Cost Variance (Favorable) Unfavorable Manufacturing Costs Actual Costs Direct materials Direct labor Factory overhead Total manufacturing costs