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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

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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 4,009 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 differences. Job Order Costing Section On January 1, 20x2, Division S began Job 1101 for the Client, THE BIG CHILDREN STORE. The job calied for 4,000 customized lamps. The following set of transactions occurred from January 5 until the job was completed: 4,000 customized lamps. The following set of transactions occurred from until the job was completed 5-Jan Purchased 4,175 Lamp Kits @ \$16.25 per kit 9.Jan 4,050 sets of Lamp Kits were requisitioned. 17-Jan Payroll of 620 Direct Labor Hours @ $9.60 per hour 30-Jan Payroll of 670 Direct Labor Hours @ $9.85 per hour 30-Jan 3,991 lamp were completed and shipped. Alt materials requisitioned were used or scrapped. How many Lamps were completed? Note: Show tavorable 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 direct labor efficiency variance? What was the direct labor rate variance? What was the variable overhead efficiency variance? What was the varable OH spending variance? What is the fixed OH volume (denominator) vanance? What is the fixed OH spending variance

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