For the secound question
how many lamps were completed ?
total material price varience for the lamp kits?
total material usage varience for lamp kits?
direct labor efficiency varience ?
direct labor rate varience ?
To keep records of the actual cost of a special order job, a Job Order Cost System has been developed Overhead is applied at the rate of 50% of the direct labor cost. Job Order Costing Section 1 On January 1, 20x2. Division S began Job 2407 for the Client, THE BIG CHILDREN STORE. The 2 job called for 4,000 customized lamps. The following set of transactions occurred from 3 January 5 until the job was completed: 4 5 5 Jan Purchased 4,175 Lamp Kits @ $16.70 per kit. 12 9 Jan 4,125 sets of Lamp Kits were requisitioned 13 17-Jan Payroll of 640 Direct Labor Hours @ 59.65 per hour, 44 30-Jan Payroll of 690 Direct Labor Hours @ $9.90 per hour 45 30 Jan 3,990 lamps were completed and shipped. All materials requisitioned were 46 used or scrapped, and are a cost of normal processing 53 54 Month End Overhead Information 55 Actual Variable Manufacturing Overhead $ 1.197.00 56 Actual Fixed Manufacturing Overhead $ 41,373.45 57 64 65 66 67 68 Round to two places, S. Cost of Direct Material incurred in Manufacturing Job 2407 (13.01) 75 76 77 78 79 86 87 88 89 90 97 Cost of Direct Labor incurred in Manufacturing Job 2407 [13.02) Round to two places, S#### Cost of Direct Material Incurred in Manufacturing Job 2407 {13.01) Cost of Direct Labor Incurred in Manufacturing Job 2407 {13.02) Cost of Manufacturing Overhead Applied to Job 2407 {13.03) Cost of manufacturing one lamp {13.04) A B C D E G 3 4 Special order lamps are manufactured in division S. Because of the precise nature of the process a 5 standard cost system has been developed. The following standards are used for the special orders: 16 18 19 20 Standards 21 Lamp Kits $ 16.000000 per lamp 22 Direct Labor 2.400000 per lamp (4 lamps/hr.) 24 Variable Overhead 0.250000 per lamp (4 lamps/hr.) 25 ** Fixed Overhead 10.000000 per lamp 26 Total $28.650000 27 28 S Fixed overhead is based on expected production of 4,017 customized lamps each month 30 31 To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries 32 are made to the Job Order System at actual cost (overhead is applied based on actual labor hours) 33 while entries are made to the accounting system at standard Variance analysis is used to analyze the 34 differences 36 37 38 39 Job Order Costing Section 40 42 On January 1, 20x2. Division S began Job 1101 for the Client, THE BIG CHILDREN STORE. The 43 job called for 4.000 customized lamps. The following set of transactions occurred from 44 January 5 until the job was completed: 45 46 48 5 Jan Purchased 4, 175 Lamp Kits @ $16.70 per kit 49 9 Jan 4,125 sets of Lamp Kits were requisitioned 50 17 Jan Payroll of 640 Direct Labor Hours @ $9.65 per hour 51 30 Jan Payroll of 690 Direct Labor Hours @ $9.90 per hour 52 30 Jan 3,983 lamps were completed and shipped. All materials requisitioned were 54 used or scrapped 55 56 57 58 59 60 Month End Overhead Information 61 Actual Variable Overhead $ 1.197.00 62 Actual Fixed Overhead $ 41.373.45 63
