ANSWERS HAVE TO BE IN FORMULAS

DO NOT JUST PUT NUMBER AS ANSWER

x 5 X H FILE 1 HOME Calibri EB- Basic variance analysis for direct materials, direct labor and variable overhead - Excel ? - INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In -11 A = % DP H U - - A- Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Font E Styles The standard cost card for a single unit of Robinson, Inc.'s products is shown Paste B I Clipboard A1 F - Bc 1 The standard cost card for a single unit of Robinson, Inc.'s products is shown below. Standard Price/Rate Standard Unit Cost 4 Direct materials: 5 Direct labor: 6 Variable overhead (based on labor hours): Standard Quantity 2.5 yards @ 0.5 hours @ 0.5 hours @ $8.00 per yard $18.00 per hour $10.00 per hour $20.00 9.00 5.00 8 Budgeted production for the month 9 Actual production for the month 14,000 units 13,500 units 11 Actual Costs Incurred to Produce 13,500 units: 12 Direct Materials Purchased and Used 13 Direct Labor Paid 14 Variable Overhead Incurred 35,100 yards @ 7,425 hours @ 7,425 hours @ $7.00 per yard $17.50 per hour $12.00 per hour Total Actual Cost $245,700 $129,938 $89,100 15 XL A 5 ? || - Basic variance analysis for direct materials, direct labor and variable overhead - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW - . Sign in : FILE ng HOME Calibri 111 A = % % Paste B I U - - - A Alignment Number Cells Editing Conditional Format as Cell Formatting Table Styles Styles Clipboard Font A1 X f The standard cost card for a single unit of Robinson, Inc.'s products is shown B C E Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for " the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. Spending Variances Flexible Budget Volume Variances Master Budget 19 Direct materials: 20 Direct labor: 21 Variable overhead: Actual Costs $245,700 $129,938 $89,100 A1 * fx The standard cost card for a single unit of Robinson, Inc.'s products is shown 21 Variable overhead: $89,100 24 Using the formulas provided, compute the following variances. 25 Write if statements to enter an For U to indicate whether the variance is favorable or unfavorable. Variance For U 27 Direct materials: 28 Price Variance = AQ * (SP - AP) 29 Quantity Variance = SP * (SQ - AQ) 30 Total Spending Variance 31 Direct Labor 32 Rate Variance = AH* (SR - AR) 33 Efficiency Variance = SR* (SH - AH) 34 Total Spending Variance 35 Variable Overhead 36 Rate Variance = AH * (SR - AR) Efficiency Variance = SR * (SH - AH) Total Spending Variance