Patterson, Inc. has provided details of its actual cost data for the month. The Controller has asked you to compute the basic variances and the mpact of those variances on unit costs Use the information included in the Excel Simulation and the Excel functions described below to complete the task Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell,-D4" was entered, the formula would output the result from cell D4, or 2.75 in this example. Besic Meth functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys. * minus sign to subtract). . (asterisk sign to multiply and?forward slash to divide) From the Excel Simulation below. IT blank cell F4 G5" was entered, the formula would add the values from those cells and output the result, or 14.70 In this example. If using ther math symbols the result would output an appropriate answer for its functiorn. SUM function: unction. From the Excel Simulation below, it in a blank cell -sUMID4,D5)" was entered, the formula would output the result of adding those two separate cels, or 5.45 in this example. Similarly, if in a blank cell SUMID4 D5)" was entered, the formula would output the same result of adding those cells, except they are expressed as a range in the formula, and the result would be 5.45 in this example ABS function: Allows you to return the absolute or surround another formula with the ABS function, to return the final result as an absolute value. From the Excel Simulation bel lon; Allows you to refer to multiple cells and adds all the values. You can add Individual cell references or ranges to utblize this value of a number or calculation. You can reference any cell to display its absolute value, cell you entered ABSIF7-G8) Excel will first calculate the subtraction of F7-G8 that results in-0.20. Then, the ABS portion of the formula returnms the absolute value of the subtraction result, which would be 0.20 in this example to test a condition and return a specitic value is the result is true and different value if the result is false. The syntax of the IF function Is IFit The test.condition argument is an evaluation of the status of a cell, such as number or cell. The value It true and value It false a value, or text. Throughout the entire equation, if text is being used in the test.condition, value It true, or the text itself should be entered in quotations so that Excel Excel Simulation below, if in a blank cell IF(F132 would output the result of the value. IL true since the test.condintion would be result as true, or in this good". Excel processes the IF function by separating it out into separate parts. First the test condition - Excel thinks, determine if the value is greater than 20. Once Excel determines I value.l. true or value.it false est condition value.lf true value.If.faisel and specitic considerations need to be made when using this function if the value of a cell is greater than, less than, or equal to another arguments will return any specific result for each option, such as another cell reference I value It false arguments then will recognize the text as a string of text" instead of another function From the 0,"Total Cost Per Unit is good". Total Cost Per Unit is bad") was entered, the formulia case the text "Total Cost Per Unit Is f the result of that test condition IS TRUE or FALSE, it wil return the
