PLEASE DO CELL REFERENCE (AKA =C3*C8)!!!!!

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 impact 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 worksheel. From the Excel Simulation below, if in a blank cell, =D4" was entered the formula would output the result from cell 04, ar 2.75 in this example. Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add),- (minus sign to subtract). * (asterisk sign to multiply), and (forward slash to divide). From the Excel Simulation below, if in a 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 the other math symbols the result would output an appropriate answer for its function. SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell"-SUM(D4,D5y" was entered the formula would outout the result of adding those two separate cells, or 5.45 in this example. Similarly, if in a blank cel SUM(D4:05) 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 value of a number or calculation. You can reference any cell to display its absolute value, or surround another formula with the ABS function, to return the final result as an absolute value. From the Excel Simulation below, if in a blank cell you entered '=ABS(F7-68) Excel will first calculate the subtraction of F7-68 that results in-0.20. Then, the ABS portion of the formula retums the absolute value of the subtraction result, which would be 0.20 in this example. IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is "=IF(test_condition, value if the value if false)" and specific considerations need to be made when using this function. The fest_conditioni argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, less than or equal to another number or cell. The value_ir_true and value_17_false arguments will retum any specific result for each option, such as another cell reference, a value or text. Throughout the entire equation, if text is being used in the test condition value if true, ar vals i false arguments then the text itself should be entered in quotations so that Excel will recognize the text as a string of lext" instead of another function. From the Excel Simulation below, if in a blank cel-IF(F13>20,"Tatal Cost Per Unit is good", "Tolal Cast Per Unit is bad") was entered the formula would output the result of the value_11_true since the test_condition would be result as true, or in this case the text "Total Cost Per Unit is good". Excel processes the IF function by separating it out into separate parts. First the test_condition - Excel thinks, find cell F13 and determine if the value is greater than 20. Once Excel determines if the result of that test_condition is TRUE or FALSE, it will return the value it true or value if false ? XO B.. FILE HOME Basic Variance Analysis and the Impact of Variances on Unit Costs - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW INSERT Sign In Formular QED Gridines Headings Normal Page Break Page Custom Preview Layout Views Workbook Views Zoom 2005 Zoomto Windon Macros Sclectian Zoom Macros Show G3S fo =E17"BRD7 H 1 A D E F G 1 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 2 3 Direct materials 4 Standard 2.4 yards $2.75 per yard $6.60 5 Actual 3 yards $2.70 per yard $8.10 6 Direct labor 7 Standard 0.6 hours $18.00 per hour 10.80 8 Actual 0.5 hours $22.00 per hour 11.00 9 Variable overhead: 10 Standard 0.6 hours & 57.00 per hour 4.20 11 Actual 0.5 hours 57.10 per hour 3.55 12 13 Total cost per unit S2L.KO S22.65 14 Gridlines Headings Window Macros Normal Page Break Page Custom Preview Layout Views Workbook Views Zoom 100% Zoom to Selection Zoom Show Macros G35 fx =E17*B8*D7 A B D E F G H $1.05 15 Excess of actual cost over standard cost per unit 16 17 Actual production for the month 13,500 units 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 21 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 22 cell references (formulas) for cells D53 - D60. Enter an For U to indicate the correct variance in cells F54 to F62. 23 24 25 Standard Cost Variance Analysis - Direct Materials 26 Standard Quantity Allowed for Actual Output at Standard Price $ 89,100 27 Actual Quantity of Input, at Standard Price 111,375 Actual Quantity of Input, at Actual Price 109,350 29 30 Materials quantity variance $ 22,275 31 Materials price variance $ 2,025 32 33 Standard Cost Variance Analysis - Direct Labor 34 Standard Hours Allowed for Actual Output at Standard Rate $ 145,800 35 Actual Hours of Input, at Standard Rate 121,500 36 Actual Hours of Innut at Actual Rate 148.500 Sheet1 28 100% READY Attempt(s) 0/3 Hint G35 --- fix =E17*B8*D7 A B D E F G H 121,500 148,500 $ 56,700 47,250 47,925 35 Actual Hours of Input, at Standard Rate 36 Actual Hours of Input, at Actual Rate 37 38 Labor efficiency variance $ 24,300 39 Labor rate variance $ 27,000 40 41 Standard Cost Variance Analysis - Variable Manufacturing Overhead 42 Standard Hours Allowed for Actual Output at Standard Rate 43 Actual Hours of Input, at Standard Rate 44 Actual Hours of Input, at Actual Rate 45 46 Variable overhead efficiency variance 47 Variable overhead rate variance 48 49 Using formulas, compute the amount of the unit cost difference 50 that is traceable to each of the variances computed above. 51 52 Materials: 53 Quantity variance 54 Price variance 55 Labor: 56 Efficiency variance 57 Rate variance 58 Variable overhead: Sheet1 READY EN 100% Attempt(s) 0/3 Hint A B E F G H I 43 C D Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate 47,250 47,925 44 45 46 Variable overhead efficiency variance 47 Variable overhead rate variance 48 49 Using formulas, compute the amount of the unit cost difference 50 that is traceable to each of the variances computed above. 51 52 Materials: 53 Quantity variance 54 Price variance 55 Labor: 56 Efficiency variance 57 Rate variance 58 Variable overhead: 59 Efficiency variance 60 Rate variance 61 62 Excess of actual over standard cost per unit 63