Please show exel formulas**********************

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. Here are some tips for using Excel: Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. Basic Math Functions: Allow 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). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered "-SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. A1 1 2 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 3 4 5 Standard 6 Direct materials: Actual Direct labor: Standard x 7 8 9 Actual 10 Variable overhead: 11 Standard > 2.4 yards @ 3.0 yards @ Materials quantity variance Materials price variance 0.6 hours @ 0.5 hours @ = Graded Worksheet + 0.6 hours @ 0.5 hours @ D C+ 12 Actual 13 Total cost per unit 14 15 16 Actual production for the month 13,500 units 17 Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. 18 $0 E $2.75 per yard $2.70 per yard $18.00 per hour $22.00 per hour $7.00 per hour $7.10 per hour $6.60 10.80 4.20 $21.60 (Use cells A5 to G16 from the given information to complete this question. All formulas must return positive values. For each variance, select either "Favorable" or "Unfavorable". $8.10 11.00 .0 3.55 $22.65 $1.05 | K 25 26 Standard Cost Variance Analysis - Direct Materials 27 Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price 28 29 Actual Quantity of Input, at Actual Price 30 31 32 33 34 Standard Cost Variance Analysis - Direct Labor 35 Standard Hours Allowed for Actual Output at Standard Rate Materials quantity variance Materials price variance 36 Actual Hours of Input, at Standard Rate 37 Actual Hours of Input, at Actual Rate 38 39 40 41 42 43 44 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 45 46 47 48 49 50 Using formulas, compute the amount of the unit cost difference that is traceable to each of the variances computed above. 51 Variable overhead efficiency variance Variable overhead rate variance 52 Materials: 53 54 55 Labor: es Quantity variance $0 Price variance Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate 43 44 45 46 47 Variable overhead efficiency variance 48 Variable overhead rate variance 49 50 Using formulas, compute the amount of the unit cost difference 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 Rate variance 60 61 62 Excess of actual over standard cost per unit 63 64 65 66 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. 67 68 69 70 71 72 73 74 n 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. Here are some tips for using Excel: Cell Reference: Allows you to refer to data from another cell in the worksheet. If you entered "=B5" into a blank cell, the formula would output the value from cell B5. Basic Math Functions: Allow 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). For example, if you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. SUM Function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges. If you entered "=SUM(C4,C5,C6)" into a blank cell, the formula would output the result of adding those three separate cells. Similarly, if you entered "-SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect. A1 1 2 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 3 4 5 Standard 6 Direct materials: Actual Direct labor: Standard x 7 8 9 Actual 10 Variable overhead: 11 Standard > 2.4 yards @ 3.0 yards @ Materials quantity variance Materials price variance 0.6 hours @ 0.5 hours @ = Graded Worksheet + 0.6 hours @ 0.5 hours @ D C+ 12 Actual 13 Total cost per unit 14 15 16 Actual production for the month 13,500 units 17 Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. 18 $0 E $2.75 per yard $2.70 per yard $18.00 per hour $22.00 per hour $7.00 per hour $7.10 per hour $6.60 10.80 4.20 $21.60 (Use cells A5 to G16 from the given information to complete this question. All formulas must return positive values. For each variance, select either "Favorable" or "Unfavorable". $8.10 11.00 .0 3.55 $22.65 $1.05 | K 25 26 Standard Cost Variance Analysis - Direct Materials 27 Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price 28 29 Actual Quantity of Input, at Actual Price 30 31 32 33 34 Standard Cost Variance Analysis - Direct Labor 35 Standard Hours Allowed for Actual Output at Standard Rate Materials quantity variance Materials price variance 36 Actual Hours of Input, at Standard Rate 37 Actual Hours of Input, at Actual Rate 38 39 40 41 42 43 44 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 45 46 47 48 49 50 Using formulas, compute the amount of the unit cost difference that is traceable to each of the variances computed above. 51 Variable overhead efficiency variance Variable overhead rate variance 52 Materials: 53 54 55 Labor: es Quantity variance $0 Price variance Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate 43 44 45 46 47 Variable overhead efficiency variance 48 Variable overhead rate variance 49 50 Using formulas, compute the amount of the unit cost difference 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 Rate variance 60 61 62 Excess of actual over standard cost per unit 63 64 65 66 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment. 67 68 69 70 71 72 73 74 n