Sarah has learned a lot from you over the past two months, and has compiled the
ID: 2478246 • Letter: S
Question
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 overhead during September was $25,200. Use the data in the table below to prepare the Budget Performance Report 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 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 overhead during September was $25,200. Use the data in the table below 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 3.6 units per pair $30.24
Direct labor $8.50 per hour 2.8 hours per pair 23.80
Overhead $2.80 per hour 2.8 hours per pair 7.84
Total $61.88
Manufacturing Costs
Actual Costs
Standard Cost at Actual Volume
Cost Variance - (Favorable)/ Unfavorable
Direct materials
?
Direct labor
?
Factory overhead
?
5Total manufacturing costs
Manufacturing Costs
Actual Costs
Standard Cost at Actual Volume
Cost Variance - (Favorable)/ Unfavorable
Direct materials
?
? ?Direct labor
?
? ?Factory overhead
?
? ?5Total manufacturing costs
?Explanation / Answer
Sole Purpose Shoe Company
Budget Performance Report for September
Manufacturing costs Actual costs Standard costs at actual volume Cost variance Favorable / Unfavorable $ $ $ $ Direct materials 86,100 90,720 4,620 Favorable Direct labor 72,090 71,400 690 Unfavorable Overhead 25,200 23,520 1,680 Unfavorable Total 183,390 185,640 2,250 FavorableRelated Questions
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