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Hello, I need some help figuring out what formulas go into the cells that are marked as ? these formulas need to be in ABS
Hello, I need some help figuring out what formulas go into the cells that are marked as ? these formulas need to be in ABS format. Please let me know which formula goes into each specific cell that is marked by a question mark as I mentioned previously. Thank you! I realize this is a strange request, but I plan to use this excel sheet for future problems! Thanks again! All the information needed should be attached below.
Chapter 09: Applying Excel: Excel Worksheet (Part 1 of 2) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell D21 enter the formula "= D14". 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 materials standard quantity in cell B6 to 2.9 pounds, the direct labor 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 $1,500U, the labor spending variance should now be $3,720F, and the variable overhead spending variance should now be $60F. If you do not get these answers, find the errors in your worksheet and correct them. Chapter 9: Applying Excel Data Exhibit 9-9: Standard Cost Card \begin{tabular}{|l|c|c} \hline \multicolumn{1}{|c|}{ Inputs } & Standard Quantity & Standard Price \\ \hline Direct materials & 3.0 pounds & $4.00 per pound \\ \hline Direct labor & 0.50 hours & $22.00 per hour \\ \hline Variable manufacturing overhead & 0.50 hours & $6.00 per hour \end{tabular} Actual results: \begin{tabular}{|l|c|c|} \hline Actual output & 2,000 units & \\ \hline Actual variable manufacturing overhead cost & $7,140 & \\ \hline & Actual Quantity & Actual price \\ \hline Actual direct materials cost & 6,500 pounds & $3.80 per pound \\ \hline Actual direct labor cost & 1,050 hours & $21.60 per hour \\ \hline \end{tabular} Enter a formula into each of the cells marked with a ? below Main Example: Chapter 9 Exhibit 9-12: Standard Cost Variance Analysis - Direct Materials Actual Quantity of Input, at Actual Price Actual Quantity of Input, at Standard Price Standard Quantity Allowed for the Actual Output, at Standard Price \begin{tabular}{lll} ? pounds x & ? per pound = & ? \\ \hline pounds x & ? per pound = & ? \\ \hline ? pounds x & ? per pound = & ? \end{tabular} Direct materials variances: Materials price variance Materials quantity variance Materials spending variance Exhibit 9-13: Standard Cost Variance Analysis -Direct Labor \begin{tabular}{l|l|l|} \hline Actual Hours of Input, at Actual Rate & ? hours & ? per hour = \\ \hline Actual Hours of Input, at Standard Rate & ? hours & ? per hour = \\ \hline Standard Hours Allowed for the Actual Output, at Standard Rate & ? hours & ? per hour = \end{tabular} Direct labor variances: Labor rate variance Labor efficiency variance Labor spending variance Exhibit 9-14: Standard Cost Variance Analysis - Variable Manufacturing Overhead \begin{tabular}{lll|l|} \hline Actual Hours of Input, at Actual Rate & ? hours & ? per hour = \\ \hline Actual Hours of Input, at Standard Rate & ? hours & ? per hour = \\ \hline Standard Hours Allowed for the Actual Output, at Standard Rate & ? hours & ? per hour = \end{tabular} Variable overhead variances: Variable overhead rate variance Variable overhead efficiency variance Variable overhead spending variance
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