Hello,

The first part is Excel

The second part is in word, however I just need explanations for part 2

While many organizational costs can be planned for, the actual results may vary from the initial projections. Assessing how these variances impact the bottom line is an essential task of many managers. For this Assignment, review the Learning Resources for this week and consider how they might apply to the scenario presented. Consider how variance analysis and the results obtained from conducting such an analysis might impact decision making. Spine Line is a manufacturer of high-quality products designed to help support healthy spines. Their newest product offering is a massage chart. Below is the standard cost structure for the chair: Standard Cost Sheet: Massage Chair Metal tubing 6 meters @ $3 $18.00 Leather 2 square meters @ $7 $14.00 Padding 3 kilograms @$4 $12.00 Direct labor 4 hours @ $15 $60.00 Total standard cost $104.00 This month, Spine Line manufactured 500 massage chairs. The following costs were incurred: Actual Costs Incurred for the Month: Massage Chair Metal tubing 3,100 meters $9,455 Leather 1,100 square meters $7,722 Padding 1,600 kilograms $6,560 Direct Labor 1,800 hours $27,270 Total cost $51,007 Adapted from: Zimmerman, J. L. (2014). Accounting for decision making and control (8th ed.). New York: NY: McGraw-Hill, \"Healing Touch\Massage Chair Standard Cost Variances for the Current Month Total Variance Price Variance Quantity Variance ($3.05 - 3) 3,100 = $155U (? -? ) $3= $? $? Leather ($? -7 ) Y = ? ( ? - ? )$? = ? $ Padding ($? -? ) Z = ? ( ? - ? )$? = ? $ ( ? - ? )$? = $? $ Metal tubing Direct labor Total ($? -? ) 1,800 = ? $ $ $ Massage Chair Standard Cost Variances for the Current Month Total Variance Price Variance Quantity Variance ($3.05 - 3) 3,100 = $155U (? -? ) $3= $? $? Leather ($? -7 ) Y = ? ( ? - ? )$? = ? $ Padding ($? -? ) Z = ? ( ? - ? )$? = ? $ ( ? - ? )$? = $? $ Metal tubing Direct labor Total ($? -? ) 1,800 = ? $ $ $