PART 6 Standard Job Order Costing - Variance Analysis Special order lamps are manufactured in division S. Because of the predise nature of the process a standard cost system has been developed. The folowing standards are used for the special orders Standards $ 16,000000 Lamp Kits Direct Labor Variable Overhead Fixed Overhead per lamp 2,400000 per lamp (4 lamps/hr.) 0,250000 per lamp (4 lamps/hr) 10000000per lamp Tota 28,860000 Fixed overhead is based on expected production of 4,018 customized lamps each month. 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 Job Order Costing Section On January 1, 20x2, Division S began Job 1101 for the Client, THE BIG CHLDREN STORE. The job caled for 4,000 customized lamps. The following set of transactions occurred from January 5 unil the job was completed: 05 jan Purchased 4,025 Lamp Ks$18.70 per kit 09.jan 4225 sets of Lamp Kits were requisitioned. 17.,jan Payroll of 580 Direct Labor Hours $9.85 per hour 30.jan Payroll of 830 Diret Labor Hours $9.90 per hour 30 jan 3,984 lamps were completed and shipped. All materials requisitioned were used or scrapped. Actual Variable Overhead Actual Fixed Overhead S 1282,60 S 39 873,45 How many Lamps were completed? Note: Show favorable variances as negative numbers Round dollars to two places. S#### What was the total material price variance for the Lamp Kits purchased? 15,01 What was the material usage variance for Lamp Kits? 115,02) What was the direct labor efficiency variance? 15,03 What was the direct labor rate variance? 15,04) Note: Show favorable variances as negative numbers What was the variable overhead efficiency variance? What was the variable OH spending variance? What is the fixed OH volume (denominator) variance? What is the fixed OH spending variance