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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 jobcost records disclose the following data.
Lot Number Boxes in Lot Material Used yards Hours Worked
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 yards at $ per yard $
Direct labor hours at $ per hour
Production overhead hours at $ per hour
Standard cost per box $
Required:
Prepare a schedule computing the standard cost of lots and for November.
Note: Round "Standard Cost per Box" to decimal places.
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