looking for help with the following questions:
20.03 , 20.04 and 21.01 - 21.05. thank you.
Number H76 f B C D 4 PART 6 5 6 Standard Job Order Costing - 7 Variance Analysis 8 9 10 11 18 Special order lamps are manufactured in division S Because of the precise nature of the process a 19 standard cost system has been developed. The following standards are used for the special orders: 21 Standards 22 Figurines $ 9.500000 per lamp 29 Electrical Sets 1 300000 per lamp 30 Lamp Shade per lomp 31 Direct Labor 2400000 per lamp (4 lamps/hr) 32 Variable Overhead per lamp (4 lamps/hr) ** Fixed Overhead per lamp 40 Total 41 42 Fixed overhead is based on expected production of customized lamps each month 44 To keep records of the actual cost of a job, a Job Order Cost Systorn has been developed, Entries 51 are made to the Job Order System at actual cost (overhead is applied based on actual labor hours) 52 entries are made to the accounting system at standard. Variance analysis is used to analyze the 53 differences 20 33 43 54 02 10 11 12 13 14 15 19 19 2012 Present Valuable an A B C D E F 4 5 52 33 Job Order Costing Section 54 35 On January 1, 20x2, Division S began Job 1101 for the Client, THE BIG CHILDREN STORE The 36 job called for 4,000 customized lamps. The following set of transactions occurred from 73 January 5 until the job was completed: TA 75 78 77 84 85 B6 87 88 95 96 97 98 99 106 107 108 109 110 111 112 5-Jan Purchased 4,075 figurines @ $9.30 per figurine 6-Jan Purchased 4,050 sets of electical components @ $1.40 per set 7-Jan Purchased 4,000 lamp shades @ $6.45 per set 8-Jan 4,075 figurines were requisitioned 9-Jan 4,025 sets of electrical components were requisitioned 17-Jan Payroll of 570 Direct Labor Hours @ $9.80 per hour 28-Jan 3.990 lamp shades were requisitioned 30-Jan Payroll of 620 Direct Labor Hours $10.05 per hour 30-Jan 3,990 lamps were completed and shipped All materials requisitioned were used or scrapped Month End Overhead information Actual Variable Overhead Actual Fixed Overhead $ 1201.40 $ 39,623.45 10 11 12 13 14 15 16 19 20 21 22 135 1 X R H B CD E F 4 5 6 7 How many Lamps were completed? 8 9 Note: Show favorable variances as negative numbers 3990 10 Round dollars to two places, SW AQ(SP-AP) 4075(9.5-93) $ 12 20 21 What was the total material price variance for the figurines purchased? 22 23 24 32 What was the material usage variance for figurines? 33 34 30 sd SP (81500) 120 011 4075 3990 9.5 80750120021 SP 09 19 ap 4050 3990 14 44 sd SP 46 What was the material price variance for the electrical components 47 48 50 57 What was the material usage variance for electrical components 58 59 00 68 9 10 13 14 15 16 17 18 12003] 4050 3990 13 120.04) 90 SP 393 9975 11901 23. Present Value Tables 19 20 o Type here to search T H 5 6 7 Mary correctly completed the material variances for the lamp shades and the overhead variences. 8 Her work is correct however, in reviewing her work the standards were crossed out. 9 10 11 The total material price variance for the lamp shades purchased $ 400.00 Favorable 12 The variable overhead efficiency variance $ 223.30 Unfavorable 13 The variable OH spending variance $ 119,00 Favorable 22 The fixed OH volume (denominator) variance: $ 200.60 Unfavorable 23 The fixed OH spending variance $ 596.85 Favorable 24 25 VOH 12614 26 FOH 89623 45 35 40884 85 1026 (21.011 37 38 39 What was the standard cost of a Lamp Shade? 4B 49 50 51 52 61 62 64 65 74 What was the standard cost per lamp for the variable overhead? 75 9 11 13 14 15 21021 16 17 18 19 20 21 22 2. Present Voluo Tables Type here to search F 1 Format Painter - = Senter 7000 278 Formatting Table Clipboard Font Alignment Number 6 Styles L129 RO G H J K 121.021 A B D E F 74 What was the standard cost per lamp for the variable overhead? 75 76 77 78 87 88 89 What was the budgeted fixed overhead? 90 91 100 101 102 103 104 113 12103) 115 110 What was the standard cost per lamp for the fixed overhead? 121041 120 127 128 1291 130 131 What was the monthly expected production of customized lamps 132 that was used to determine the standard fed cvethead rate? 133 134 1:35 130 137 12105) 16 17 18 19 2) present Valot Tables p Type there is search o
