AutoSave OF AAP 2G ... Chapter Eight Exercises - Saved to my Mac Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibr (Body v 12 ~ A General X C. G Wrap Text Insert v AY 0 IR v Delete Paste 27 Y = = = Merge & Center Conditional Format Cell Formatting as Table Styles Sort & Filter # Format Find & Select Analyze Data Sensitivity V N13 fy A C D E F G H J K L M N 0 P 1 2 3 B Name: Section: Cells highlighted in green contain a drop-down arrow; select information from list. In the cells highlighted in grey, enter the appropiate amount in those cells. When the correct amount is entered, the cell will change color. A manufactured product has the following information for June Direct materials Direct labor Overhead Units manufactured Standard (6 lbs. @ $8 per lb.) (2 hrs. @ $16 per hr.) (2 hrs. @ $12 per hr.) Actual 48,500 lbs. @ $8.10 per lb. 15,700 hrs. @ $16.50 per hr. 198,000 8,000 Compute the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable. 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 AQ = Actual Quantity SQ = Standard Quantity AP = Actual Price SP = Standard Price Flexible Budget Standard Cost Actual Cost X X 34 Exercise B-B Exercise 8-9 Exercise 8-10 Exercise 8-19 Exercise 8-23 + Ready + 125% %