Please fill in the table for Req2B at the bottom in all the outlined blue cells with arrows on the upper left
Required information [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 job-cost records disclose the following data. Lot Number Boxes in Lot Material Used (yards) Hours Worked 1,000 24,100 2,980 1,700 40,440 5,130 1,200 28,825 2,890 The following additional information is available: 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: Direct material Direct labor Production overhead Standard cost per box 24 yards at 3 hours at 3 hours at $ 1.10 per yard $14.70 per hr. $12.00 per hr. $26.40 44.10 36.00 $106.50 2. For each lot produced during November, complete the following schedules a. Direct-material purchase price variance. b. Direct-material quantity variance. c. Direct-labor efficiency variance d. Direct-labor rate variance. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 20 Req 2D For each lot produced in November, complete the following schedule for the direct-material quantity variance. (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" to 2 decimal places.) EUROPEAN STYLES, INC. Direct-Material Quantity Variances For November Lot No. 23 - 24 Total 1,000 1,700 1,200 3,900 Direct-material quantity variance: Standard yards: Boxes in lot Standard yards per box Total standard quantity Actual yards used Variance in yards Standard price Direct-material quantity variance 0 0 0 $ 0 $ 0 $ 0.00 $ 0.00 Required information [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 job-cost records disclose the following data. Lot Number Boxes in Lot Material Used (yards) Hours Worked 1,000 24,100 2,980 1,700 40,440 5,130 1,200 28,825 2,890 The following additional information is available: 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: Direct material Direct labor Production overhead Standard cost per box 24 yards at 3 hours at 3 hours at $ 1.10 per yard $14.70 per hr. $12.00 per hr. $26.40 44.10 36.00 $106.50 2. For each lot produced during November, complete the following schedules a. Direct-material purchase price variance. b. Direct-material quantity variance. c. Direct-labor efficiency variance d. Direct-labor rate variance. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 20 Req 2D For each lot produced in November, complete the following schedule for the direct-material quantity variance. (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" to 2 decimal places.) EUROPEAN STYLES, INC. Direct-Material Quantity Variances For November Lot No. 23 - 24 Total 1,000 1,700 1,200 3,900 Direct-material quantity variance: Standard yards: Boxes in lot Standard yards per box Total standard quantity Actual yards used Variance in yards Standard price Direct-material quantity variance 0 0 0 $ 0 $ 0 $ 0.00 $ 0.00
