All answers in yellow blanks must be entered in formula form (ex: d2+d3). No numbers allowed

Instructions:

Compute the direct materials price and quantity variances.

Compute the direct labor rate and efficiency variances.

Compute the variable manufacturing overhead rate and efficiency variances.

3 Direct materials 4 Standard 5 Actual 6 Direct labor 7 Standard 8 Actual 9 Variable overhead: 10 Standard 11 Actual 12 13 Total cost per unit 14 15 Excess of actual cost over standard cost per unit 16 17 Actual production for the month 18 Variable overhead is assigned to products based on direct labor hours. There 9 was no beginning or ending inventory of materials for the month 20 21 Using formulas, compute the following. Input all numbers as positive amounts $6.60 2.4 yards @ 3 yards @ $2.75 per yard $2.70 per yard $8.10 $18.00 per hour $22.00 per hour 10.80 0.6 hours @ 0.5 hours @ 11.00 0.6 hours @ 0.5 hours @ 4.20 $7.00 per hour $7.10 per hour 3.55 521.60 $22.65 $1.05 13,500 units Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use cell 22 references (formulas) for cells D53 -D60. Enter an For U to indicate the correct variance in cells F54 to F62