co enter cengagenow h X My Home * CengageNOWv2 | Online teachin x +. signment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress3Dfalse V Check My Work Review Exhibit 7 in the text. 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 3,500 pairs of shoes that required 12,250 units of material purchased at $8.20 per unit and 9,450 hours of labor at an hourly rate of $8.90 per hour during the month. Actual factory overhead during September was $28,350. 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. Standard Standard Standard Cost Manufacturing Costs Price Quantity 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 Check My Work 5 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Submit Assignment for Grading 7:17 PM 4/18/2020 ere to enter cengagenow HX My Home * CengageNOWv2 |Online teachin X eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress-false Manufacturing Costs Price Quantity 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 Cost Variance- Standard Cost at (Favorable) Manufacturing Costs Actual Costs Actual Volume Unfavorable Direct materials Direct labor Factory overhead Total manufacturing costs Feedback Check My VWork Check My Work 5 more Check My Work uses remaining All work saved. Email Instructor Save and Exit Submit Assignment for Grading 7:17 PM 4/18/2020 %24 %24

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Can you help me find the blanks 

co enter cengagenow h X
My Home
* CengageNOWv2 | Online teachin x
+.
signment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress3Dfalse
V Check My Work
Review Exhibit 7 in the text.
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 3,500 pairs of
shoes that required 12,250 units of material purchased at $8.20 per unit and 9,450 hours of labor at an hourly rate of $8.90 per hour during the month.
Actual factory overhead during September was $28,350. 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.
Standard
Standard
Standard
Cost
Manufacturing Costs
Price
Quantity
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
Check My Work 5 more Check My Work uses remaining.
All work saved.
Email Instructor
Save and Exit
Submit Assignment for Grading
7:17 PM
4/18/2020
Transcribed Image Text:co enter cengagenow h X My Home * CengageNOWv2 | Online teachin x +. signment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress3Dfalse V Check My Work Review Exhibit 7 in the text. 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 3,500 pairs of shoes that required 12,250 units of material purchased at $8.20 per unit and 9,450 hours of labor at an hourly rate of $8.90 per hour during the month. Actual factory overhead during September was $28,350. 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. Standard Standard Standard Cost Manufacturing Costs Price Quantity 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 Check My Work 5 more Check My Work uses remaining. All work saved. Email Instructor Save and Exit Submit Assignment for Grading 7:17 PM 4/18/2020
ere to enter cengagenow HX
My Home
* CengageNOWv2 |Online teachin X
eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress-false
Manufacturing Costs
Price
Quantity
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
Cost Variance-
Standard Cost at
(Favorable)
Manufacturing Costs
Actual Costs
Actual Volume
Unfavorable
Direct materials
Direct labor
Factory overhead
Total manufacturing costs
Feedback
Check My VWork
Check My Work 5 more Check My Work uses remaining
All work saved.
Email Instructor
Save and Exit
Submit Assignment for Grading
7:17 PM
4/18/2020
%24
%24
Transcribed Image Text:ere to enter cengagenow HX My Home * CengageNOWv2 |Online teachin X eAssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator3D&inprogress-false Manufacturing Costs Price Quantity 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 Cost Variance- Standard Cost at (Favorable) Manufacturing Costs Actual Costs Actual Volume Unfavorable Direct materials Direct labor Factory overhead Total manufacturing costs Feedback Check My VWork Check My Work 5 more Check My Work uses remaining All work saved. Email Instructor Save and Exit Submit Assignment for Grading 7:17 PM 4/18/2020 %24 %24
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