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European Styles, Inc., manufactures women's blouses of one quality, which are produced in lots to fill each special order. Its customers are department stores in
European Styles, Inc., manufactures women's blouses of one quality, which are produced in lots to fill each special order.
Its customers are department stores in various cities. European Styles sews the particular stores' labels on the blouses.
During November, the company worked on three orders, for which the month's jobcost records disclose the following
data.
The following additional information is available:
The firm purchased yards of material during November at a cost of $
Direct labor during November amounted to $ According to payroll records, production employees were paid
$ per hour.
There was no work in process on November During November, lots and were completed. All material was
issued for lot which was percent completed as to direct labor.
The standard costs for a box of six blouses are as follows:!
Required information
Case DirectMaterial and DirectLabor Variances; JobOrder Costing; Journal Entries Appendix
LO
The following information applies to the questions displayed below.
European Styles, Inc., manufactures women's blouses of one quality, which are produced in lots to fill each special order.
Its customers are department stores in various cities. European Styles sews the particular stores' labels on the blouses.
During November, the company worked on three orders, for which the month's jobcost records disclose the following
data.
The following additional information is available:
The firm purchased yards of material during November at a cost of $
Direct labor during November amounted to $ According to payroll records, production employees were paid
$ per hour.
There was no work in process on November During November, lots and were completed. All material was
issued for lot which was percent completed as to direct labor:
The standard costs for a box of six blouses are as follows:
Direct material
Direct mater Direct labor
Direct labor Production overhead
Standard cost per box
yards at
hours at
$
$
For each lot produced during November, complete the following schedules:
a Directmaterial purchase price variance.
b Directmaterial quantity variance.
c Directlabor efficiency variance.
d Directlabor rate variance.
Complete this question by entering your answers in the tabs below.
For each lot produced in November, complete the following schedule for the directmaterial purchase price variance. Indicate
the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter for no effect ie zero
variance
For each lot produced during November, complete the following schedules:
a Directmaterial purchase price variance.
b Directmaterial quantity variance. c Directlabor efficiency variance. d Directlabor rate varionce.
d Directlabor rate variance.
Complete this question by entering your answers in the tabs below.
Complete this question by entering your answers in the tabs below.
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