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European Styles, Incorporated, manufactures women s blouses of one quality, which are produced in lots to fill each special order. Its customers are department stores

European Styles, Incorporated, manufactures womens 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 months job-cost records disclose the following data.
Lot Number Boxes in Lot Material Used (yards) Hours Worked
221,30026,1705,160
232,00039,4908,050
241,50030,0854,810
The following additional information is available:
The firm purchased 98,000 yards of material during November at a cost of $101,500.
Direct labor during November amounted to $342,380. According to payroll records, production employees were paid $19.00 per hour.
There was no work in process on November 1. During November, lots 22 and 23 were completed. All material was issued for lot 24, which was 80 percent completed as to direct labor.
The standard costs for a box of six blouses are as follows:
Direct material 20 yards at $ 1.00 per yard $ 20.00
Direct labor 4 hours at $ 18.70 per hour 74.80
Production overhead 4 hours at $ 14.00 per hour 56.00
Standard cost per box $ 150.80
2. For each lot produced during November, complete the following schedules:
Direct-material purchase price variance.
Direct-material quantity variance.
Direct-labor efficiency variance.
Direct-labor rate variance.

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