I dont know how to solve these. Answers have to be in Excel Formulas

versity of Nebraske-uncoln My Favorite Homes Zillow INTRO ACCOUNTING I ACCT202 SEC 700 Spring 2021 Exercise i Saved Basic variance analysis for direct materials, direct labor and variable overhead - Excel INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW ? FILE HOME Sign In Calibri -11 A A % H Paste BIU- - A- Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard Font C28 > C F 3 Standard Unit Cost $20.00 9.00 5.00 B D E 1 The standard cost card for a single unit of Robinson, Inc.'s products is shown below 2 Standard Standard 3 Quantity Price/Rate 4 Direct materials: 25 yards $8.00 per yard 5 Direct labor 0.5 hours $18.00 per hour 6 Variable overhead (based on labor hours): 0.5 hours $10.00 per hour 7 8 Budgeted production for the month 14,000 units 9 Actual production for the month 13,500 units 10 11 Actual Costs Incurred to Produce 13.500 units: 12 Direct Materials Purchased and Used 35.100 yards $7.00 per yard 13 Direct Labor Paid 7.425 hours $17.50 per hour 14 Variable Overhead Incurred 7.425 hours @ $12.00 per hour 15 Total Actual Cost $245,700 $129,938 $89.100 Complete the following table comparing actual costs to the flexible budget and master budget. Use 16 formulas for the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. 17 Preu Next Calibri 11 -A 96 Cells Editing Paste BTU- Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C28 . apped A B D E F Book rences Complete the following table comparing actual costs to the flexible budget and master budget. Use 16 formulas for the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. 17 Spending Flexible Volume Master 18 Actual Costs Variances Budget Variances Budget 19 Direct materials: $245,700 20 Direct labor $129,938 21 Variable overhead $89.100 22 23 24 Using the formulas provided, compute the following variances. 25 Write if statements to enter an For U to indicate whether the variance is favorable or unfavorable. 26 27 Direct materials Variance For U 28 Price Variance = AQ (SP-AP) Quantity Variance = SP. (SQ-AQ) 30 Total Spending Variance 31 Direct Labor 32 Rate Variance AH (SR - AR) 29 aw 11 Prev 1 of 1 Next 13 C28 ed A D E F ces 26 B 21 Variable overhead: $89,100 22 23 24 Using the formulas provided, compute the following variances. 25 Write if statements to enter an For U to indicate whether the variance is favorable or unfavorable. 27 Direct materials: Variance For U 28 Price Variance = AQ (SP-AP) Quantity Variance = SP. (SQ-AQ) 30 Total Spending Variance 31 Direct Labor 32 Rate Variance = AH (SR-AR) Efficiency Variance = SR. (SH - AH) Total Spending Variance 35 Variable Overhead Rate Variance = AH (SR - AR) Efficiency Variance = SR (SH - AH) 38 Total Spending Variance 29 33 34 36 39 40 Prev 1 of 1 Next > 13