Nike produces golf carts. BUDGETED: Budgeted Volume: 1,000 carts Raw Materials Rubber: 2 kg per cart @ $2.40 per kg Metal: 3 sheets per cart @$1.50 per sheet Direct Labour 0.10 hours per cart @ $15.00 per hour Overhead $4.00 variable per hour plus $5,000 fixed overhead. ACTUAL: Actual Output: 980 carts Purchases Rubber: 2,500 kg @ $2.50 per kg Metal: 4,000 sheets @ $1.40 per sheet Usage 1,940 kg rubber 3,020 sheets metal Direct Labour 110 hours @ $16.00 per hour Overhead $500 variable $5,000 fixed REQUIRED: Create an excel spreadsheet that will compute all material, labour and overhead variances (12 in total) when the above numbers are entered. Use cell references rather than numbers in all your formulas. I should be able to change input numbers to get new correct variances. Make sure you test your results (with numbers for which you know the answers). MPV-Rubber (2), MPV Metal (2), MEV-Rubber, MEV-Metal LRV, LEV, VOHSV, VOHEV, FOHPVV, FOHSV