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
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
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter23: Flexible Budgeting (flexbud)
Section: Chapter Questions
Problem 2R
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