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
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 6a287407bfd6f93_1 | $fill in the blank 6a287407bfd6f93_2 | $fill in the blank 6a287407bfd6f93_3 |
Direct labor | fill in the blank 6a287407bfd6f93_4 | fill in the blank 6a287407bfd6f93_5 | fill in the blank 6a287407bfd6f93_6 |
Factory overhead | fill in the blank 6a287407bfd6f93_7 | fill in the blank 6a287407bfd6f93_8 | fill in the blank 6a287407bfd6f93_9 |
Total manufacturing costs | $fill in the blank 6a287407bfd6f93_10 | $fill in the blank 6a287407bfd6f93_11 | $fill in the blank 6a287407bfd6f93_12 |
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