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i need 1-2 European Styles, Inc., manufactures women's blouses of one quality, which are produced in lots to fill = Case 1049 each special order.
i need 1-2
European Styles, Inc., manufactures women's blouses of one quality, which are produced in lots to fill = Case 1049 each special order. Its customers are department stores in various cities. European Styles sews the par- Direct-Material and Directticular stores' labels on the blouses. During November, the company worked on three orders, for which Labor Variances; Job-Order the month's job-cost records disclose the following data. The following additional information is available: Costing: Journal Entries (Appendix) (L0 10-1, 10-3, 10-6, 10-9) 3. Direct-material purchase ptice variance (debiti $1,900 1. The firm purchased 95,000 yards of material during November at a cost of $106,400. 2. Direct labor during November amounted to $165.000. According to payroll records, production employees were paid $15.00 per hour. 3. 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. 4. The standard costs for a box of six blouses are as follows: Required: 1. Prepare a schedule computing the standard cost of lots 22,23 , and 24 for November. 2. Prepare a schedule showing, for each lot produced during November: a. Direct-material purchase price variance. b. Direct-material quantity variance. c. Direct-labor efficiency variance. d. Direct-labor rate variance. Indicate whether each variance is favorable or unfavorable Step by Step Solution
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