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. Standard Cost Per Unit Manufacturing Costs Direct materials Direct labor Factory overhead Total standard cost per pair Standard Price $8.40 per unit $8.50 per hour $2.70 per hour Standard Quantity 3.60 units per pair 2.80 hours per pair 2.80 hours per pair $30.24 23.80 7.56 $61.60
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. Standard Cost Per Unit Manufacturing Costs Direct materials Direct labor Factory overhead Total standard cost per pair Standard Price $8.40 per unit $8.50 per hour $2.70 per hour Standard Quantity 3.60 units per pair 2.80 hours per pair 2.80 hours per pair $30.24 23.80 7.56 $61.60
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting Capstone -
 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 | 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** |
This data table outlines the costs associated with producing one pair of shoes, including breakdowns for direct materials, direct labor, and factory overhead, and calculates the total standard cost per pair.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb19ac792-f274-4206-9191-c46f3b775258%2Fe9227638-ec33-48ad-bd16-12e8ec6b8eb3%2Fkni46na_processed.png&w=3840&q=75)
Transcribed Image 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 3,000 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 | 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** |
This data table outlines the costs associated with producing one pair of shoes, including breakdowns for direct materials, direct labor, and factory overhead, and calculates the total standard cost per pair.
Transcribed Image Text:### Sole Purpose Shoe Company
#### Budget Performance Report
**For the Month Ended September 30**
---
#### Manufacturing Costs
| Manufacturing Costs | Actual Costs | Standard Cost at Actual Volume | Cost Variance - (Favorable) Unfavorable |
|---------------------|--------------|--------------------------------|----------------------------------------|
| Direct materials | $ | $ | $ |
| Direct labor | $ | $ | $ |
| Factory overhead | $ | $ | $ |
| **Total manufacturing costs** | $ | $ | $ |
---
This table represents the budget performance report for the Sole Purpose Shoe Company, detailing various manufacturing costs for the month ended on September 30. It includes a comparison of actual costs versus standard costs at actual production volumes and highlights the cost variances, which indicate whether the cost fluctuations were favorable or unfavorable.
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