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 $65,610 for 7,290 hours of direct labor in the production of 2,300 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           Standard Cost Actual Hours X Actual Rate   Actual Hours X Standard Rate   Standard Hours X Standard Rate fill in the blank b8e89601ef8d04f_1 X $fill in the blank b8e89601ef8d04f_2   fill in the blank b8e89601ef8d04f_3 X $fill in the blank b8e89601ef8d04f_4   fill in the blank b8e89601ef8d04f_5 X $fill in the blank b8e89601ef8d04f_6   = $fill in the blank b8e89601ef8d04f_7       = $fill in the blank b8e89601ef8d04f_8       = $fill in the blank b8e89601ef8d04f_9

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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 $65,610 for 7,290 hours of direct labor in the production of 2,300 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           Standard Cost
Actual
Hours
X Actual
Rate
  Actual
Hours
X Standard
Rate
  Standard
Hours
X Standard
Rate
fill in the blank b8e89601ef8d04f_1 X $fill in the blank b8e89601ef8d04f_2   fill in the blank b8e89601ef8d04f_3 X $fill in the blank b8e89601ef8d04f_4   fill in the blank b8e89601ef8d04f_5 X $fill in the blank b8e89601ef8d04f_6
  = $fill in the blank b8e89601ef8d04f_7       = $fill in the blank b8e89601ef8d04f_8       = $fill in the blank b8e89601ef8d04f_9  
     
 
 Direct Labor
 
 Variance:
     
 
 Direct Labor
 
 Variance:
     
      $fill in the blank b8e89601ef8d04f_14       $fill in the blank b8e89601ef8d04f_15      
         
 
 Total Direct Labor
 
 Variance:
         
          $fill in the blank b8e89601ef8d04f_18
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