Metro Fashions, 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 Metro Fashions sews the particular stores' labels on the blouses. During November the company worked on three orders, for which the month's job-cost records disclose the following data Material Used (yards) 26,510 41,500 30,865 Lot Number Boxes in Lot Hours Worked N42 N43 N44 1,200 1,900 1,400 4,760 7,630 5,060 The following additional information is available: 1. The firm purchased 90,000 yards of material during November at a cost of $109,300 2. Direct labor during November amounted to $226,850. According to payroll records, production employees were paid $13 per hour. 3. There was no work in process on November 1. During November, lots N42 and N43 were completed. All material was issued for lot N44, which was 90 percent completed as to conversion (i.e., direct labor and overhead) 4. The standard costs for a box of six blouses are as follows: Direct material Direct labor Production 22 yards at $ 1.20 4 hours at $12.50 $26.40 50.00 4 hours at $13.00 52.00 overhead Standard cost per $128.40 2. Complete the following schedules. (Indicate the effect of each variance by selecting "Favorable" or "unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "Standard price", "Standard rate" and "Rate paid in excess of standard" to 2 decimal places.) a. Direct-material purchase price variance. (Hint: Must be computed in total, across all three production lots.) METRO FASHIONS, INC Direct-Material Purchase Price Variance For November Actual cost of materials purchased Standard cost of materials purchased Direct-material purchase price variance b. Direct-material quantity variance METRO FASHIONS, INC Direct-Material Quantity Variances For November Lot No N42 N43 N44 Total Direct-material quantity variance Standard yards Boxes in lot Standard yards per box Total standard quantity Actual yards used 1,200 1,900 1,400 4,500 0 0 0 0 Variance in yards Standard price Direct-material quantity variance$ 0 0 0 0 0 0 c. Direct-labor efficiency variance METRO FASHIONS, INC. Direct-Labor Variances For November Lot No N42 N43 N44 Total Direct-labor efficiency variance Standard hours Boxes in lot Standard hours per box Total Percentage of completion Total standard hours Actual hours worked 0 0 0 0 0 0 Variance in hours Standard rate Direct-labor efficiency variance$ 0.00 0.00 0.00 0.00 0 0 0 d. Direct-labor rate variance. METRO FASHIONS, INC Direct-Labor Variance For November Lot No. N42 N43 N44 Total Direct-labor rate variance: Actual hours worked Rate paid in excess of standard Variance 0 0 0