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 2,200 pairs of shoes Complete the following table, showing the direct materiais 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 X Actual Standard x Standard Quantity Price Quantity Price Quantity Unfavorable Direct Materials Variance Unfavorable Cost Direct Materials Variance Cost Accounting numereld Unfavorable 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 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 Standa Actual Actual Actual Standard Standard Hours Rate Hours Hours X x Unfavorable Cost Direct Labor Variance: Unfavorable Cost lect Labor Variance: Unfavorable Cost Total Direct Labor Variance 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 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 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 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 Standard Cost at Actual Volume Cost Variance - (Favorable) Unfavorable Actual Costs Manufacturing Costs Direct materials Direct labor Factory overhead Total manufacturing costs
