xfx A B C Variance Analysis D E F H 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: Figurines Electrical Sets Lamp Shade Standards Direct Labor Variable Overhead $ 9.500000 ner lamp 1.300000 lamp per lamp 2.400000 per lamp (4 lamps/hr.) per lamp (4 lamps/hr.) per lamp 20 Fixed Overhead Total "Fixed overhead is based on expected production of #### customized lamps each month. 30 To keep records of the actual cost of a job, a Job Order Cost System has been developed. Entries 32 are made to the Job Order System at actual cost (overhead is applied based on actual labor hours) 33 while entries are made to the accounting system at standard. Variance analysis is used to analyze the 34 differences 35 36 38 39 Job Order Costing Section 40 41 On January 1, 20x2, Division S began Job 1101 for the Clent, THE BIG CHILDREN STORE. The 42 job caled for 4,000 customized lamps. The following set of transactions occumed from 44 January 5 until the job was completed: 45 46 47 48 50 51 02 54 50 BY 58 50 81 02 04 5-Jan Purchased 4,150 figurines @$9.25 per figurine. 6-Jan Purchased 4,175 sets of electical components @$1.30 per set 7-Jan Purchased 4,000 lamp shades $6.70 per set 8-Jan 4,150 figurines were requisitioned 9-Jan 4,150 sets of electrical components were requistioned. 17-Jan Payroll of 610 Drect Labor Hours @$9.85 per hour 28-Jan 3.988 lamp shades were requisitioned 30-Jan Payroll of 660 Direct Labor Hours $10.10 per hour 30-Jan 3,988 lamps were completed and shipped. All materials requisitioned were used or scrapped. Month End Overhead infomation Adual Variable Overhead Actual Faed Overhead $ 1.244.80 $40.623.45 45 Ready 0:10 11 12 18 14