Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I could really use help on this. If you could include the formulas I should be using! B D E F G Standard Quantity 3.0

I could really use help on this. If you could include the formulas I should be using!image text in transcribed

B D E F G 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 1 Chapter 9: Applying Excel 2 3 Data 4 Exhibit 9-9: Standard Cost Card 5 Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 9 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost 16 17 Enter a formula into each of the cells marked with a ? below 18 Main Example: Chapter 9 19 20 Exhibit 9-12: Standard Cost Variance Analysis - Direct Materials 21 Actual Quantity of Input, at Actual Price 22 Actual Quantity of Input, at Standard Price 23 Standard Quantity Allowed for the Actual Output, at Standard Price 24 Direct materials variances: 25 Materials price variance 26 Materials quantity variance 27 Materials spending variance 28 29 Exhibit 9-13: Standard Cost Variance Analysis - Direct Labor 30 Actual Hours of Input, at Actual Rate 31 Actual Hours of Input, at Standard Rate 32 Standard Hours Allowed for the Actual Output, at Standard Rate 33 Direct labor variances: 34 Labor rate variance 35 Labor efficiency variance 36 Labor spending variance ? pounds ? pounds ? pounds ? per pound = ? per pound = ? per pound ? ? ? ? ? ? ? hours x ? hours x ? hours x ? per hour ? per hour = ? per hour ? ? ? ? ? ? 37 38 Exhibit 9-14: Standard Cost Variance Analysis-Variable Manufacturing Overhead 39 Actual Hours of Input, at Actual Rate ? hours x 40 Actual Hours of Input, at Standard Rate ? hours x 41 Standard Hours Allowed for the Actual Output, at Standard Rate ? hours x 42 Variable overhead variances: 43 Variable overhead rate variance ? 44 Variable overhead efficiency variance ? 45 Variable overhead spending variance ? 46 ? per hour = ? per hour ? per hour =

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Practical Guide To Accountancy

Authors: Ajit Kumar Chattopadhyay, Amalendu Mukhopadhyay

1st Edition

1642874264, 9781642874266

More Books

Students also viewed these Accounting questions