= A = AYEE Div 3 2 Wrap Text D Morge & cer Paste BIDE - X v fx N87 26 Special order lamps are manufactured in division S. Because of the precise nature of the process a 27 standard cost system has been developed. The following standards are used for the special orders: Standards Lamp Kits Direct Labor Variable Overhead ** Foed Overhead Total $ 16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp $ 28.650000 ** Fored overhead is based on expected production of 4,013 customed lamps each month 61 To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries 62 are made to the Job Order System at actual cost overhead is applied based on actual labor hours) 63 while entries are made to the accounting system at standard. Variance analysis is used to analyze the 64 differences 74 75 Job Order Costing Section 77 On January 1, 20x2. Division S began Job 1101 for the Client, THE BIG CHILDREN STORE. The 85 job called for 4,000 customized lamps. The following set of transactions occurred from 86 January 5 until the job was completed: 5 Jan Purchased 4,225 Lamp Kits @ $16.30 per kt. Jan 4,025 sets of Lamp Kits were requisitioned. 17. Jan Payrol of 630 Direct Labor Hours $9.50 per hour 30-Jan Payroll of 680 Direct Labor Hours $9.75 per hour 30-Jan 3,987 lamps were completed and shipped. All materials requisitioned were used or scrapped 10 109 110 111 113 Month End Overhead information Actual Variable Overhead ActualFwd Overhead $ 1,336,20 $41.123.45 10 01 -WURDUOL Home Insert Draw Page Layout v 8 TUN v fx Formulas Data Review View v AA EEE Di A EEEE 2 Wrap Text Morge & Center Paste Q102 1 Michael Schwartier 2 8512 Note Show favorable variances as negative numbers What was the variable overhead efficiency variance ? 46 What was the variable OH spending variance ? (1602) SSSSSS 74 What is the feed OH volume denominator varian 280.00 (16.03) What is the feed OH spending variance? MacBooh