Special order lamps are manufactured in division S. Beca standard cost system has been followi se of the precise nature of the process a aremautadeveloped. The following standards are used for the specia Standards $ 9.500000 per lamp Figurines Electrical Sets Lamp Shade Direct Labor Variable Overhead 1.300000 per lamp 6.500000 per lamp 2.400000 per lamp (4 lamps/hr.) 0.250000 per lamp (4 lamps/hr.) 10.000000 per lamp " Fixed Overhead $29.950000 Total customized lamps each month. " Fixed overhead is based on expected production of 4,009 customiz To keep records of the actual cost of a job, a Job Order Cost System has been devel are made to the Job Order System at actual cost (overhead is applied based on while entries are made to the account differences. as actual labor hours) ting system at standard. Variance analysis is used to analyze the Job Order Costing Section On January job called for 4,000 customized lamps. The following set of transactions occurred fr 1, 20x2, Division S began Job 1101 for the Client, THE BIG CHILDREN STORE. The January 5 until the job was completed: 5-Jan Purchased 4,175 figurines@ $9.75 per figurine. 6-Jan Purchased 4,125 sets of electical components$1.50 per set. 7-Jan Purchased 4,000 lamp shades $6.80 per set 8-Jan 4,175 figurines were requisitioned. 9-Jan 4,100 sets of electrical components were requisitioned. 17-Jan Payroll of 630 Direct Labor Hours$9.65 per hour 28-Jan 3,991 lamp shades were requisitioned 30-Jan Payroll of 680 Direct Labor Hours@ $9.90 per hour 30-Jan 3,991 lamps were completed and shipped. All materials requisitioned were used or scrapped. Month End Overhead Information Actual Variable Overhead Actual Fixed Overhead $ 1,493.40 $ 41,123.45 How many Lamps were completed? Note: Show favorable variances as negative numbers How much was actually paid for the figurines purchased? How much should they have paid for number of figurines purchased? What was the total material price variance for the figurines purchased? Round dolars to two placos, t (15.01) How many extra figurines did they use? What was the material usage variance for figurines? 5 02 How much was actually paid for the electric components purchased? What was the standard price for the number of electrical components purchased? What was the material price variance for the electrical components ? 15 03 How many extra electrical components did they use? What was the material usage variance for electrical components? 15 04 How many hours did it take to produce the units produced? How many hours should it have taken to produce the units produced? How many extra hours did it take ? What was the direct labor efficiency variance? 15.06 How much did the company pay for the hours worked? How much should the company have paid for the hours worked? What was the direct labor rate variance? (15 06 how favorable variances as negative numbers extra hours did it take to produce the 3,991 units? How many What was the variable overhead efficiency variance ? 116.01) How many hours did it actually take to make the products? How much did the company pay for the variable overhead? At the standard rate, what should the variable OH have cos What was the variable OH spending variance ? 16.02) What was the expected number of units to be produced? How many units were produced? How many units were under produced? What was the fixed OH rate per unit? What is the fixed OH volume (denominator) variance? 16.03 How much did the company pay for the fixed overhead? What was the fixed OH budget? What is the fixed OH spending variance? (16.04