Please show cell formulas used to get the answer. Also, please answer all questions posted. Thanks!

For example, in cell D21 enter the formula 16" Notes: In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS() function in Excel. For example, the formula in cell B25 would be "-ABS(F21-F22)". Cells C25 through C27.c34 through C36, and C43 through C45 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas into those cells-If you do, you will overwrite these formulas After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text Check your worksheet by changing the direct materials standard quantity in cell 86 to 2.9 pounds, the direct labor standard quantity in cell B7 to 0.6 hours, and the variable manufacturing overhead in cell B8 to 0.6 hours. The materials spending variance should now be $1.500U, the labor spending variance should now be $3,720 F, and the variable overhead spending variance should now be $60 F. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 A B D E F G Standard Price $4.00 per pound $22.00 per hour $6.00 per hour Actual price $3.80 per pound $21.60 per hour ? 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10.1: Standard Cost Card 5 Inputs Standard Quantity 6 Direct materials 3.0 pounds 7 Direct labor 0.50 hours 8 Variable manufacturing overhead 0.50 hours 9 10 Actual results 11 Actual output 2,000 units 12 Actual variable manufacturing overhead cost $7,140 13 Actual Quantity 14 Actual direct materials cost 6.500 pounds 15 Actual direct labor cost 1,050 hours 16 17 Enter a formula into each of the cells marked with a ? below 18 Main Example: Chapter 10 19 20 Exhibit 104: Standard Cost Variance Analysis - Direct Materials 21 Standard Quantity Allowed for the Actual Output, at Standard Price 7 pounds 22 Actual Quantity of input, at Standard Price 2 pounds 23 Actual Quantity of Input at Actual Price 7 pounds 24 Direct materiais variances 25 Materials quantity variance 2 26 Materials price variance 2 27 Materials spending variance 2 28 29 Exhibit 10-6: Standard Cost Variance Analysis - Direct Labor 30 Standard Hours Allowed for the Actual Output, at Standard Rate 2 hours 31 Actual Hours of Input, at Standard Rate 7 hours 32 Actual Hours of input, at Actual Rate 2 hours 33 Direct labor variances 34 Labor efficiency variance 2 35 Laborate variance ? 36 Labor spending variance 2 37 38 Exhibf 10-8: Standard Cost Variance Analysis.Variable Manufacturing Overhead 39 Standard Hours Allowed for the Actual Output, at Standard Rate 7 hours 40 Actual Hours of input, at Standard Rate 7 hours 41 Actual Hours of Input, at Actual Rate 7 hours 42 Vanable overhead variances: 43 Variable overhead officiency vanno ? 44 Variable overhead rate variance ? 45 Vanable overhead spending variance 2 46 2 per pound 7 per pound 2 per pound 2 ? 7 per hour ? per hour ? per hour 2 7 ? 7 per hour 2 per hour 2 per hour ? ? ? Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B D E Chapter 10: Applying Excel 1 2 3 Data 4 5 $ 6 Exhibit 10-1: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead $ Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price 4.00 per pound 22.00 per hour 6.00 per hour 7 8 9 $ $ $ 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost Actual direct labor cost 2,100 units 6,555.00 Actual Quantity 6,265 pounds 1,150 hours $ $ Actual price 4.10 per pound 21.80 per hour 15 a-1. What is the materials quantity variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the materials quantity variance a-2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the materials price variance b-1. What is the labor efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the labor officiency variance b.2. What is the labor rate variance? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance), Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance c-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead officiency variance c-2. What is the variable overhead rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead rate variance Required information The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in the text. Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E A 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card 5 Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 9 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 14 Actual direct materials cost 15 Actual direct labor cost Standard Quantity 3.0 pounds 0.50 hours 0.50 hours $ $ $ Standard Price 4.00 per pound 22.00 per hour 6,00 per hour $ 2,130 units 6,431.00 Actual Quantity 6,185 pounds 1,090 hours $ $ Actual price 3.60 per pound 2240 per hour b-1. What is the labor efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the labor efficiency variance b 2. What is the labor rote variance? (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance c-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead officiency variance c-2. What is the variable overhead rate variance? (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (le, zero variance)). The amount of the variable overhead rate variance