C D EF G 1 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: ebook $2.75 per yard $6.60 $2.70 per yard $8.10 3 Direct materials: 4 Standard 2.4 yards @ 5 Actual 3 yards @ 6 Direct labor: 7 Standard 0.6 hours @ 8 Actual 0.5 hours @ 9 Variable overhead: 10 Standard 0.6 hours @ 11 Actual 0.5 hours $18.00 per hour $22.00 per hour 10.80 11.00 References $7.00 per hour $7.10 per hour 4.20 3.55 13 Total cost per unit $21.60 $22.65 15 Excess of actual cost over standard cost per unit $1.05 17 Actual production for the month 13,500 units 18 Variable overhead is assigned to products based on direct labor hours. There 1 was no beginning or ending inventory of materials for the month. *Using formulas, compute the following. Input all numbers as positive amounts. Indicate whether the variances are For U. Write if statements for variance cells F30 to F47. Use cell references (formulas) for cells D53 - D60. Enter an For U to indicate the correct variance in cells F4 to 162 ... Sheet1 ... Indicate whether the variances are For U. Write if statements for variance cells F30 to F47. Use cell references (formulas) for cells 53.060. Enter an For U to indicate the correct variance in cells F54 to F62 25 Standard Cost Variance Analysis - Direct Materials 26 Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price Actual Quantity of Input, at Actual Price Materials quantity variance Materials price variance Standard Cost Variance Analysis - Direct Labor Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of input, at Standard Rate Actual Hours of input, at Actual Rate Labor efficiency variance Labor rate variance Standard Cost Variance Analysis - Variable Manufacturing Overhead 12 Standard Hours Allowed for Actual Output at Standard Rate 43 Actual Hours of Inout. at Standard Rate 40 41 Standard Cost Variance Analysis - Variable Manufacturing Overhead 42 Standard Hours Allowed for Actual Output at Standard Rate 43 Actual Hours of Input, at Standard Rate 44 Actual Hours of Input, at Actual Rate 46 47 Variable overhead efficiency variance Variable overhead rate variance References 49 Using formulas, compute the amount of the unit cost difference so that is traceable to each of the variances computed above. 52 Materials: 53 Quantity variance 54 Price variance 55 Labor: 56 Efficiency variance 57 Rate variance 58 Variable overhead: 59 Efficiency variance 60 Rate variance 62 Excess of actual over standard cost per unit