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Please use excel formulas to help me understand how you got the answer. 1 Standards for one of Patterson, Inc.'s products is shown below, along
Please use excel formulas to help me understand how you got the answer.
1 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month 3 Direct materials: 4 Standard 5 Actual 6 Direct labor: 7 Standard 8 Actual 9 Variable overhead: 10 Standard 11 Actual 12 13 Total cost per unit 14 15 Excess of actual cost over standard cost per unit 16 17 Actual production for the month 18 Variable ove rhead 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 $6.60 2.4 yards @ 3 yards @ $2.75 per yard $2.70 per yard $8.10 0.6 hours@ 0.5 hours@ $18.00 per hour $22.00 per hour 10.80 11.00 0.6 hours@ 0.5 hours@ $7.00 per hour 7.10 per hour 4.20 3.55 $21.60 $22.65 $1.05 13,500 units Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use cell 22 references (formulas) for cells D53-D60. Enter an F or U to indicate the correct variance in cells 554 to 562Step by Step Solution
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