AutoSave OF AAP 2G ... Chapter Eight Exercises Saved to my Mac Home Insert Draw Page Layout Formulas Data Review View Tell me Share Comments Calibri (Body) C v 12 v A Insert v General X [ G Wrap Text Av. 0 v >Delete v Paste Y Y Av = = = Merge & Center $ %? Conditional Format Cell Formatting as Table Styles Sort & Filter # Format Find & Select Sensitivity Analyze Data V 025 fx B C D E F G H J L M N 0 P 1 2 3 Name: Section: 5 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 laborrate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable. 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 33 34 AH = Actual Hours SH = Standard Hours AR = Actual Rate SR = Standard Rate Actual Cost Flexible Budget Standard Cost X Exercise B-B Exercise B-9 Exercise 8-10 Exercise 8-19 Exercise 2-23 + Ready + 125% %