Download the Applying Excel form and enter formulas in all cells that contain question marks. See attachment for Excel form. due in 8 hours , 7pm est

For example, in cell D21 enter the formula ?= D6?.

Notes:

?	In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS() function in Excel. For example, the formula in cell B25 would be ?=ABS(F21?F22)?.
?	Cells C25 through C27, C34 through C36, and C43 through C45 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas into those cells?if you do, you will overwrite these formulas.

After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text.

Check your worksheet by changing the direct materialsstandard quantity in cell B6 to 2.9 pounds, the direct labor quantity standard quantity in cell B7 to 0.6 hours, and the variable manufacturing overhead in cell B8 to 0.6 hours. The materials spending variance should now be $1,500 U, the labor spending variance should now be $3,720 F, and the variable overhead spending variance should now be $60 F. If you do not get these answers, find the errors in your worksheet and correct them.

Save your completed Applying Excel form to your computer and then upload it here by clicking ?Browse.? Next, click ?Save.? You will use this worksheet to answer the questions in Part 2.

6. value

Requirement 2:

Revise the data in your worksheet to reflect the results for the subsequent period as shown below:

a-1.	What is the materials quantity variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

a-2.	What is the materials price variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

b-1.	What is the labor efficiency variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

b-2.	What is the labor rate variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your final answer to nearest whole dollar amount.)

c-1.	What is the variable overhead efficiency variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

c-2.	What is the variable overhead rate variance?(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)

qattachments_6a755105f4871ed1f7e7859e3e241c2042c51f0f.xlsx Chapter 10: Applying Excel Data Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price $4.00 per pound $22.00 per hour $6.00 per hour 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours Actual price $3.80 per pound $21.60 per hour 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 Standard Quantity Allowed for the Actual Output, at Standard Price Actual Quantity of Input, at Standard Price Actual Quantity of Input, at Actual Price Direct materials variances: Materials quantity variance Materials price variance Materials spending variance Exhibit 10-6: Standard Cost Variance Analysis-Direct Labor Standard Hours Allowed for the Actual Output, at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Direct labor variances: Labor efficiency variance Labor rate variance Labor spending variance ? pounds ? pounds ? pounds ? ? ? ? hours ? hours ? hours ? per hour = ? per hour = ? per hour = ? ? ? Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead Standard Hours Allowed for the Actual Output, at Standard Rate ? hours Actual Hours of Input, at Standard Rate ? hours Actual Hours of Input, at Actual Rate ? hours Variable overhead variances: Variable overhead efficiency variance ? Variable overhead rate variance ? Variable overhead spending variance ? Page 1 ? per pound = ? per pound = ? per pound = ? per hour = ? per hour = ? per hour = qattachments_6a755105f4871ed1f7e7859e3e241c2042c51f0f.xlsx ? ? ? ? ? ? ? ? ? Page 2