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PLEASE give me formula on excel thanks The following information has been provided for Abbott Company. Standard Costs Direct Materials Direct Manufacturing Labor Variable Manufacturing

image text in transcribedimage text in transcribedPLEASE give me formula on excel thanks

The following information has been provided for Abbott Company. Standard Costs Direct Materials Direct Manufacturing Labor Variable Manufacturing Overhead 6 pounds per unit $ 0.9595 hours per unit $ $ 11.50 per pound 25.00 per hour 10.00 per direct labor hour Budgeted Fixed Manufacturing Overhead $1,000,000 $ 20.00 per direct labor hour $ 10.40 per pound Actual Costs Incurred Direct Materials Purchased Direct Materials Used Direct Manufacturing Labor Variable Manufacturing Overhead Fixed Manufacturing Overhead Incurred 163.000 pounds 126,600 pounds 21,000 hours $ $ $ 25.50 per direct labor hour 9.63 per direct labor hour 957,550 Actual Number of Units Produced 20,000 Price Variance Efficiency Variance Part 2: Calculate direct manufacturing labor price, efficiency, and flexible budget variances. Actual Costs Incurred Actual Input Qt. X Actual Rate Actual Input Qt. X Budgeted Rate Flexible Budget Budgeted Input Qt. Allowed for Actual Output X Budgeted Rate Direct Manufacturing Labor Price Variance Efficiency Variance Flexible-Budget Variance Part 3: Calculate variable manufacturing overhead spending, efficiency, and flexible budget variances. Variable Manufacturing Overhead Actual Costs Incurred Actual Input Qt. X Actual Rate Actual Input Qt. X Budgeted Rate Flexible Budget Budgeted Input Qt. Allowed for Actual Output X Budgeted Rate Allocated Budgeted Input Qt. Allowed for Actual Output X Budgeted Rate Spending Variance Efficiency Variance Never a Variance Flexible Budget Variance Part 4: Calculate fixed manufacturing overhead spending, production volume, and flexible budget variances Fixed Manufacturing Overhead Actual Costs Incurred Actual Input Qt. X Actual Rate Same Budgeted Lump Sum Flexible Budget As in the (Static Budget) Regardless of Output Level Budgeted Input Qt. Allowed for Actual Output X Budgeted Rate Allocated Budgeted Input Qt. Allowed for Actual Output X Budgeted Rate Spending Variance Never A Variance Production Volume Variance Flexible Budget Variance

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