1 Chapter 10: Applying Excel 3 Data 4 Exhibit 10-1: Standard Cost Card Inputs Standard Quantity 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 3.0 pounds 0.50 hours 0.50 hours Standard Price $4.00 per pound $22.00 per hour $6.00 per hour 10 Actual results 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours Actual price $3.80 per pound $21.60 per hour 17 Enter a formula into each of the cells marked with a? beloww 18 Main Example: Chapter 10 20 Exhibit 10-4: Standard Cost Variance Analysis-Direct Materials 21 Standard Quantity Allowed for the Actual Output, at Standard Price 22 Actual Quantity of Input, at Standard Price 23 Actual Quantity of Input, at Actual Price 24 Direct materials variances 25 Materials quantity variance 26 Materials price variance 27 Materials spending variance 28 29 Exhibit 10-6: Standard Cost Variance Analysis-Direct Labor 30 Standard Hours Allowed for the Actual Output, at Standard Rate 31 Actual Hours of Input, at Standard Rate 32 Actual Hours of Input, at Actual Rate 33 |Direct labor variances 34 Labor efficiency variance 35 Labor rate variance 36 Labor spending variance 37 38 Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead 39 Standard Hours Allowed for the Actual Output, at Standard Rate 40 Actual Hours of Input, at Standard Rate 41 Actual Hours of Input, at Actual Rate 42 Variable overhead variances 43 Variable overhead efficiency variance 44 Variable overhead rate variance 45 Variable overhead spending variance ? pounds x ? pounds x ? pounds x ? per pound ? per pound ? per pound ? hours x ? hours x ? hours x ? per hour- ? per hour- ? per hour- ? hours ? hours x ? hours x ? per hour- ? per hour- ? per hour