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Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.6 units of material per pair of shoes. During July, Sole
Under normal conditions, Sarah spends $8.40 per unit of materials, and it will take 3.6 units of material per pair of shoes. During July, Sole Purpose Shoe Company incurred actual direct materials costs of $62,010 for 6,890 units of direct materials in the production of 2200 pairs of shoes.
Complete the table below 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 Quantity: 6,890
Actual Cost:
Actual Price:
Direct Materials:
Actual Quanitity: 6,890
Total Direct Materials:
Standard price:
Direct Materials:
Standard Quantity:
Standard Cost:
Standard Price:
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