How many Lamps were completed? Standard Job Order Costing - Variance Analysis Note: Show favorable variances as negative numbers Round dolars to two places, Su### Special order lamps are manufactured in division S. Because of the precise nature of the process a standard cost system has been developed. The following standards are used for the special orders: What was the total material price variance for the Lamp Kits purchased? (15.01) What was the material usage variance for Lamp Kits? {15.02 Standards Lamp Kits Direct Labor Variable Overhead ** Fixed Overhead Total S 16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp S 28.650000 What was the direct labor efficiency variance ? (15.03) ** Fixed overhead is based on expected production of 4,012 customized lamps each month. What was the direct labor rate variance? {15.04) To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries are made to the Job Order System at actual cost overhead is applied based on actual labor hours) while entries are made to the accounting system at standard. Variance analysis is used to analyze the differences. What was the variable overhead efficiency variance ? {16.01) Job Order Costing Section What was the variable OH spending vanance ? {16.02) On January 1, 20x2. Division began Job 1101 for the Client, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 5-Jan Purchased 4,175 Lamp Kits @ $16.70 per kit. 9-Jan 4,075 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 640 Direct Labor Hours @ $9.55 per hour. 30-Jan Payroll of 690 Direct Labor Hours @ $9.80 per hour. 30-Jan 3,988 lamps were completed and shipped. All materials requisitioned were used or scrapped. What is the fixed OH volume (denominator) variance? {16.03) What is the fixed OH spending variance? {16.04) Month End Overhead Information Actual Variable Overhead Actual Fixed Overhead S 1,675.80 S 41,373.45