Direct Materials Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.60 units of material per pair of shoes. During July, Sole Purpose Shoe Company incurred actual direct materials costs of $63,101 for 7,090 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 twa decimal places. When entering variances, use a negative number for a tavarable, cost varlance, and a positive number for an unfavorable cost variance, Actual Cost Actual Quantity Actual Price Actual Quantity Standard Price Favorable Unfavorable Direct Materials Price Variance Quantity Favorable Total Direct Materials Cost Variance 1 Check Review Exhibit in the text materials, and it will take 3.60 units of material per pair of shoes. During July, Sole Purpose Shoe Company 0 units of direct materials in the production of 2,150 pairs of shoes als variance relationships for July for Sole Purpose Shoe Company. If required, round your answers to two decimal for a favorable cost variance, and a positive number for an unfavorable cost variance Standard Cost Actual Quantity X Standard Price Standard Quantity Standard Price X X able Direct Materials Variance Favorable Direct Materials Quantity Variance Favorable Total Direct Materials Cost Variance: 1 Direct Labor Under normal conditions, Sorah pays her employees $8.50 per hour, and it will take 2.80 Hours of labor per pair of shoes. During August, Sole Purpose Shoe Company incurred actual direct labor costs of $65,610 for 7,290 hours of direct labor in the production of 2,300 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 Actual Hours Actual Rate Actual Hours Standard Rate X Unfavorable Direct Labor Rate Variances Unfavorable Dine Time Variar Unfavorable Total Direct Labor Cost Variance Freda Why Web Review Exhibit 7 in the text will take 2.80 hours of labor per pair of shoes. During August, Sole Purpose Shoe Company in the production of 2,300 pairs of shoes s for August for Sole Purpose Shoe Company. If required, round your answers to two decimal ariance, and a positive number for an unfavorable variance Standard Cost Standard Hours Actual Hours Standard Rate Standard Rate X X Labor a: Unfavorable Direct Labor Time Variance Unfavorable Total Direct Labor Cost Variance: 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 pairs of shoes that required 10,500 units of material purchased at $8.20 per unit and 8,100 hours of tabor at an hourly rate of $890 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 Standard Standard Cost Manufacturing Costs Price Quantity Per Unit Direct materials $8.40 per unit 3.60 units per pair $30.24 Direct labor $8.50 per hour 2.80 hours per part 2380 Factory overhead $2.70 per hour 2.80 hours per pair 7.56 Total standard cost per pair 561.60 Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 Standard Cost at Actual Volume Cost Variance (Favorable) Unfavorable Actual Costs Manufacturing Costs Direct materials Direct labor Factory overhead Total manufacturing costs