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 $61,321 for 6,890 units of direct materials in the production of 2,175 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 Actual Actual Actual Standard X X Quantity Price Quantity Price 6,890 X 8.9 6,890 X 8.4 $ 61,321 = $ 57,876 Unfavorable Direct Materials Favorable Direct Mat Price Variance: Quantity Variance Favorable Total Direct Materials Quantity Variance: Direct LaborDirect Labor Under normal conditions, Sarah 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 $65,340 for 7,260 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 Actual Actual Standard Hours Rate Hours Rate X X Unfavorable V Direct Labor Unfavorable ' Direct Label Price V Variance: Price ' Variance: E E Unfavorable V Total Direct Labor Cost V Variance: D n___-__.. n__.(__.______ n____.. 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 $5.20 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 tabie to prepare the Budget Performance Report for Sole Purpose Shoe Company for September: Standard Standard Standard Cost Manufacturing Cost-3 Price Quantity Per Unit Direct materials $5.40 per unit 3.60 units per pair $30.24 Direct labor $8.50 per hour 2.80 hours per pair 23.80 Factory overhead $2.?0 per hour 2.80 hours per pair 7.56 Total standard cost per pair $61.60 Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 Cost Variance - Standard Cost at (Favorable) Manufacturing Costs Actual Costs Actual Volume Unfavorable Direct materials 86,100' vi ${ 88,200| x $| 2,100| x Direct labor i 72,090' 9/ | 68,850' x | 3,240| x Factory overhead i 24,300' J | 22,680l J | 1,620| J ) Total manufacturing costs at 131:490' J 35! 179,?30' X $| 2,760' X Feedback TCheckMyWnrk Review Exhibit 3 and computations for the amounts on the report