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P Please show all of your work.... I'm really lost and the work would really help clear this up for me. Thank you! Standards for

Pimage text in transcribedimage text in transcribedimage text in transcribedPlease show all of your work.... I'm really lost and the work would really help clear this up for me. Thank you!

Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 3Direct materials: 4 Standard 5 Actual 6 Direct labor: 7 Standard 8 Actual 9 Variable overhead: 10 Standard 11 Actual 12 13 Total cost per unit 14 15 Excess of actual cost over standard cost per unit 16 2.4 yards@ 3 yards @ $2.75 per yard $2.70 per yard $6.60 $8.10 0.6 hours @ 0.5 hours @ S18.00 per hour $22.00 per hour 10.80 11.00 0.6 hours @ 0.5 hours @ $7.00 per hour $7.10 per hour 4.20 3.55 $2160 $22.65 $1.05 17 Actual production for the month 18 Variable overhead is assigned to products based on direct labor hours. There 19 was no beginning or ending inventory of materials for the month 20 13,500 units Using formulas, compute the following. Input all numbers as positive amounts Using formulas, compute the following. Input all numbers as positive amounts. Indicate whether the variances are For U. Write if statements for variance cells F30 to F47. Use cell references (formulas) for cells D53 - D60. Enter an F or U to indicate the correct variance in cells F54 to F62 Standard Cost Variance Analysis - Direct Materials Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price Actual Quantity of Input, at Actual Price Materials quantity variance Materials price variance Standard Cost Variance Analysis - Direct Labor Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Labor efficiency variance Labor rate variance Standard Cost Variance Analysis- Variable Manufacturing Overhead Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Variable overhead efficiency variance Variable overhead rate variance Using formulas, compute the amount of the unit cost difference that is traceable to each of the variances computed above. Materials Quantity variance Price variance- Efficiency variance Rate variance Labor: Variable overhead: Efficiency variance Rate variance Excess of actual over standard cost per unit

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