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 $63,101 for 7,090 units of direct materials in the production of 2,175 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 Actual Quantity Actual Price 7,090 X 8.9 V 63,101 V Unfavorable Price Direct Materials Variance: 3,545 Actual Standard x Quantity Price 7,090 x 8.4 59,556 v Favorable Cost Total Direct Materials Variance: -2,671 ts of material per pair of shoes. During July, Sole Purpose Shoe Company oduction of 2,175 pairs of shoes. Sole Purpose Shoe Company. If required, round your answers to two decimal a positive number for an unfavorable cost variance. als Actual Quantity 7,090 V X 59,556 v Favorable Cost Total Direct Materials: Variance: -2,671 Standard Price 8.4 V Favorable Direct Materials i Quantity Variance: -6,216 v Standard Cost Standard x Quantity 7,830 X Standard Price 65,772 8.4 V 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 $65,880 for 7,320 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 Actual Hours Actual Rate 7,320 9 65,880 F Unfavorable Rate Direct Labor Variance: 3,660 v Actual Hours Standard x Rate 7,320 x 8.5 Unfavorable Cost 62,220 Total Direct Labor Variance: urs of labor per pair of shoes. During August, Sole Purpose Shoe Company n of 2,100 pairs of shoes. Sole Purpose Shoe Company. If required, round your answers to two decimal itive number for an unfavorable variance. Actual Hours 7,320 v 62,220 Unfavorable Total Direct Labor Cost Variance: Standard Rate 8.5 V Unfavorable Time Direct Labor Variance: Standard Hours Standard Cost Standard x Rate x 8.5 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 3,000 pairs of shoes that required 10,500 units of material purchased at $8.20 per unit and 8,100 hours of labor at an hourly rate of $8.90 per hour during the month. Actual factory overhead during September was $24,300. 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 Direct materials Direct labor Standard Price Standard Quantity Standard Cost Per Unit $8.40 per unit $8.50 per hour Factory overhead $2.70 per hour 3.60 units per pair 2.80 hours per pair 2.80 hours per pair $30.24 23.80. 7.56 Total standard cost per pair $61.60 Sole Purpose Shoe Company Budget Performance Report For the Month Ended September 30 1 Manufacturing Costs Actual Costs Standard Cost at Actual Volume Direct materials Cost Variance- (Favorable) Unfavorable 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 Standard Cost at Manufacturing Costs Actual Costs Actual Volume Direct materials Direct labor Factory overhead Total manufacturing costs $ Cost Variance- (Favorable) Unfavorable