ppecial doter lampt are mavulactured in divish ff. fleckote of the precise nutur of the process a tandasd ceal myitem has teen develeced. The folowing standarh are sned for the apecid ordere: To keep rocorith of the actual cost of a ioh, a Job Onder Cost Syatem has teet derploped. Edtilet dithersceit Oo decumy 4, 2002. Dribion 5 tegen dob 110t for the Clen, TRe aio cialorensiope. He SJan Puriases 4, too lanp kis of tob to per oh. B.jat \&.6as tels of Lere mots were regentered wed er seresped Note: Show favorable variances as negative numbers What was the total material price variance for the Lamp Kits purchased? What was the material usage variance for Lamp Kits? What was the diroct labor efficiency variance? What was the direct labor rate variance? What was the variable overteed efficioncy variance? What was the variable OH spending variance? What in the fixed OH volume (denominator) variance? What is the fixed OH spending variance? 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: * Fixed overhead is based on expected production of 4,014 customked lamps each month. To keop rocords of the actual cost of a job, a Job Ordor Cost System has boen devoloped. 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 systom at standard. Variance analysis is used to analyze the differences. Job Order Costing Section On January 1, 20x2, Division S bogan Job 1101 for the Clont, THE BIG CHILDREN STORE. The job called for 4,000 customized lamps. The following set of transactions occurred from January 5 untl the job was completed: 5.Jan Purchased 4,100 Lamp Kts \& \$16.70 per kit. 9-Jan 4,025 sets of Lamp KCts were requisitionod. 17. Jan Payrol of 610 Direct Labor Hours (9 $9.60 per hour. 30-Jan Payroll of 660 Direct Labor Hours (4 $9.85 per hour. 30-Jan 3,986 lamps were completed and shipped. Al materials requis zioned were used or scrapped