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I need help in these two questions. Please solve in excel and show formulas.. If possible. Please upload excel on dropbox so i can download

I need help in these two questions. Please solve in excel and show formulas.. If possible. Please upload excel on dropbox so i can download it.

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7) It is budgeted that the direct labor hours per unit from 2019 will be the same for 2020. It is also budgeted that the direct labor rate for 2020 will increase by 2% from 2019. What is the direct labor budget, in dollars, for 2020? (15 Points) 8) When drafting the budget for 2019 the standard hourly rate was set at $12.56 for direct labor. What is the total direct labor rate variance for 2019? (15 Points) Midwest Manufacturing Statement of Income $ 5,645,357 2018 2019 $ 5,814,718 $ 6,163,601 Sales Cost of Goods Sold: Variable Costs Fixed Costs Total Cost of Goods Sold 1,467,793 395,175 1,862,968 1,395,532 523,325 1,918,857 1,787,444 369,816 2,157,260 Gross Profit 3,782,389 3,895,861 4,006,341 Administrative & Selling Expenses: Variable Administrative & Selling Costs Fixed Administrative & Selling Costs 395,175 959,711 523,325 1,104,796 523,906 1.016.994 1,354,885 1,628,121 1,540,900 Total Administrative Costs $ 2,427,504 $ 2,267,740 $ 2,465,440 Net Income Supplemental Information 2017 2018 2019 Unit Costing Summary: Units Sold Direct Labor Hours 100,810 75,607 107,680 75,376 118,531 77,045

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