Masik, Incorporated is analyzing its most current direct materials results against the budget.

Here is the standard cost information:

	Standard Cost per Direct Material	Standard Quantity per Unit	Standard Cost per Unit
Direct Materials	$ 9.50	2	$ 19.00

Actual cost information is below:

Units Produced	4,000
Materials Purchased	8,500
Material Used	7,800
Cost of Direct Materials	$ 85,000

Required:

Fill in the cells below with required data for variance calculations and favorability.

Hint: Use the ABS() function to calculate amounts and use an IF() condition to determine the favorability of the variances.

Required: Fill in the cells below with required data for variance calculations and favorability. Hint: Use the ABS() function to calculate amounts and use an IF() condition to determine the favorability of the variances