Data Exhibit 10-1: Standard Cost Card Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Inputs Standard Quantity 3.0 pounds 0.50 hours Standard Price $4.00 per pound $22.00 per hour 0.50 hours $6.00 per hour Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost Enter a formula into each of the cells marked with a ? below Main Example: Chapter 10 Exhibit 10-4: Standard Cost Variance Analysis-Direct Materials Actual Quantity of Input, at Actual Price 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours Actual price $3.80 per pound $21.60 per hour Actual Quantity of Input, at Standard Price ? pounds x ? pounds x ? per pound = ? per pound = Standard Quantity Allowed for the Actual Output, at Standard Price ? pounds x ? per pound = 222 ? ? ? Direct materials variances: Materials price variance Materials quantity variance Materials spending variance Exhibit 10-6: Standard Cost Variance Analysis-Direct Labor Actual Hours of Input, at Actual Rate ? ? 222 ? ? hours x ? per hour = Actual Hours of Input, at Standard Rate ? hours x Standard Hours Allowed for the Actual Output, at Standard Rate ? hours x ? per hour = ? per hour = 227 ? ? ? Direct labor variances: Labor rate variance ? Labor efficiency variance ? Labor spending variance ? Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead Actual Hours of Input, at Actual Rate ? hours x ? per hour = Actual Hours of Input, at Standard Rate ? hours x ? per hour = Standard Hours Allowed for the Actual Output, at Standard Rate ? hours x ? per hour = 222 ? ? ? Variable overhead variances: Variable overhead rate variance Variable overhead efficiency variance Variable overhead spending variance 222