Round dollars to two places, $#### Standard Job Order Costing - Variance Analysis What was the total material price variance for the Lamp Kits purchased? {15.01) 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 material usage variance for Lamp Kits? ? {15.02) (15.02 Standards Lamp Kits Direct Labor Variable Overhead - Fixed Overhead Total S 16.000000 per lamp 2400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lampe/hr.) 10.000000 per lamp $ 28.650000 What was the direct labor efficiency variance ? {15.03) **Fixed overhead is based on expected production of 4,007 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. Entriee 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. Job Order Costing Section On January 1, 20x2. Division S 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: What was the variable overhead efficiency variance ? (16.01) What was the variable OH spending variance ? (18.02) 5-Jan Purchased 4.175 Lamp Kits @ $16.25 per kit. 9 Jan 4.225 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 620 Direct Labor Hours @ $9.45 per hour. 30-Jan Payroll of 670 Direct Labor Hours 59.70 per hour 30-Jan 3,993 lamps were completed and shipped. All materials requisitioned were used or scrapped. Worth End Overhead information Actual Variable Overhead Actual Fixed Overhead S 1.419.00 $ 40,873.45 What is the fixed OH volume (denominator) variance? ( (16.03) What is the fixed OH spending variance? (16.04)