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 $62,211 for 6,990 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
fill in the blank 2891c6098f8f03d_1	X	$fill in the blank 2891c6098f8f03d_2		fill in the blank 2891c6098f8f03d_3	X	$fill in the blank 2891c6098f8f03d_4		fill in the blank 2891c6098f8f03d_5	X	$fill in the blank 2891c6098f8f03d_6
	= $fill in the blank 2891c6098f8f03d_7				= $fill in the blank 2891c6098f8f03d_8				= $fill in the blank 2891c6098f8f03d_9
			UnfavorableFavorable Direct Materials CostPriceQuantityRateTime Variance:				UnfavorableFavorable Direct Materials CostPriceQuantityRateTime Variance:
			$fill in the blank 2891c6098f8f03d_14				$fill in the blank 2891c6098f8f03d_15
					UnfavorableFavorable Total Direct Materials CostPriceQuantityRateTime Variance:
					$fill in the blank 2891c6098f8f03d_18

Direct 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 2,100 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
fill in the blank b0221e000f8ffda_1	X	$fill in the blank b0221e000f8ffda_2		fill in the blank b0221e000f8ffda_3	X	$fill in the blank b0221e000f8ffda_4		fill in the blank b0221e000f8ffda_5	X	$fill in the blank b0221e000f8ffda_6
	= $fill in the blank b0221e000f8ffda_7				= $fill in the blank b0221e000f8ffda_8				= $fill in the blank b0221e000f8ffda_9
			UnfavorableFavorable Direct Labor CostPriceQuantityRateTime Variance:				UnfavorableFavorable Direct Labor CostPriceQuantityRateTime Variance:
			$fill in the blank b0221e000f8ffda_14				$fill in the blank b0221e000f8ffda_15
					UnfavorableFavorable Total Direct Labor CostPriceQuantityRateTime Variance:
					$fill in the blank b0221e000f8ffda_18

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 8,750 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.

Manufacturing Costs	Standard Price	Standard Quantity	Standard Cost 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 pair	23.80
Factory overhead	$2.70 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
Manufacturing Costs	Actual Costs	Standard Cost at Actual Volume	Cost Variance - (Favorable) Unfavorable
Direct materials	$fill in the blank fd9f4ffe1f8b077_1	$fill in the blank fd9f4ffe1f8b077_2	$fill in the blank fd9f4ffe1f8b077_3
Direct labor	fill in the blank fd9f4ffe1f8b077_4	fill in the blank fd9f4ffe1f8b077_5	fill in the blank fd9f4ffe1f8b077_6
Factory overhead	fill in the blank fd9f4ffe1f8b077_7	fill in the blank fd9f4ffe1f8b077_8	fill in the blank fd9f4ffe1f8b077_9
Total manufacturing costs	$fill in the blank fd9f4ffe1f8b077_10	$fill in the blank fd9f4ffe1f8b077_11	$fill in the blank fd9f4ffe1f8b077_12