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Pato Company produces leather sandals. The company employs a standard costing system and has the following standards in order to produce one pair of sandals
Pato Company produces leather sandals. The company employs a standard costing system and has the following standards in order to produce one pair of sandals direct materials s2andar aantitystandard prioe direct labor variable overhead 2 leather strips 2.5 hours 2.5 hours ?? per strip $12 per hour ?? per hour During May, Pato purchased leather strips at a total cost of $124,250 and had direct labor totaling $171,100. During May, Pato used 13,600 leather strips in the production of sandals. Pato had no beginning inventories of any type for May. At May 31, Pato had 600 leather strips remaining in its direct materials inventory. Pato Company reported the following variances for May: Direct material price variance . . . . . . . . . . . . . .$7,100 favorable Direct labor rate variance . . . . . . . . . . . ._ . . . . . Total direct labor variance . . . . . Variable overhead spending variance .. . . . . . . . Variable overhead efficiency variance . . . . . . . $29,500 unfavorable $8,900 favorable $2,440 favorable $34,560 favorable Calculate the number of pairs of sandals produced by Pato Company in May
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