Required information Case 10-49 Dlrect-Materlal and Dlrect-Labor Varlences; Job-Order Costing; Journal Entrles (Appendlx) (LO101,103,106,109) [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 varlous clties. 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. The following additional information is avallable: 1. The firm purchased 95,000 yards of material during November at a cost of $106,700. 2 Direct labor during November amounted to $219,750. According to payroll records, production employees were pald $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: Case 10.49 Part 2 2. For each lot produced during November, complete the following schedules: a. Direct-materlal purchase price varlance. b. Direct-materlal quantity varlance. c. Direct-labor efficlency varlance. d. Direct-labor rate varlance. Complete this question by entering your answers in the tabs below. For each lot produced in November, complete the following schedule for the direct-material purchase price variance. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable", Select "None" and enter " 0 " for no effect (i.e., zero variance).) and enter " 0 " for no effect (i.e., zero variance). Round "Standard price" to 2 decimal places.)