please assist with 15.3&15.4

667699 7 How many Lamps were completed? 9 Note: Show favorable variances as negative numbers 10 11 18 19 20 What was the total material price variance for the Lamp Kits purchased? 21 22 29 30 What was the material usage variance for Lamp Kits? 31 32 33 40 41 42 43 What was the direct labor efficiency variance ? 44 51 52 53 What was the direct labor rate variance? 54 55 62 63 64 65 Round dollars to two places, $## ## $ $ $ $ 1,252.50 (15.01) 2,160.00 (15.02) (2,568.00) (15.03) (419.10) (15.04) Variance Analysis 16 17 Special order lamps are manufactured in division S. Because of the precise nature of the process a 18 standard cost system has been developed. The following standards are used for the special orders: 19 20 26 27 Standards 28 Lamp Kits Direct Labor $16.000000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp $28.650000 Variable Overhead Fixed Overhead Total **Fixed overhead is based on expected production of 4,010 customized lamps each month. 40 46 To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries 47 are made to the Job Order System at actual cost (overhead is applied based on actual labor hours) 48 while entries are made to the accounting system at standard. Variance analysis is used to analyze the 49 differences. 50 56 57 58 Job Order Costing Section 59 50 On January 1, 20x2, Division S begat Job 1101 for the Client. THE BIG CHILDREN STORE. The 56 job called for 4,000 customized lamps. The following set of transactions occurred from 57 January 5 until the job was completed: 68 59 70 5-Jan Purchased 4,175 Lamp Kits @ $16.30 per kit. 9-Jan 4,125 sets of Lamp Kits were requisitioned. 76 77 17-Jan Payroll of 610 Direct Labor Hours @ $9.80 per hour: 30-Jan Payroll of 660 Direct Labor Hours @ $10.05 per hour. 78 79 30-Jan 3,990 lamps were completed and shipped. All materials requisitioned were used or scrapped. 30 36 37 Month End Overhead Information $ 1,295.40. $ 40,623.45 7896678 10 29 30 36 37 38 39 BOOSTER 38 39 90 96 99 00 Actual Variable Overhead Actual Fixed Overhead