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The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in the text.

Download the applying excel form and enter formulas in all cells that contain question marks.

For example, in cell D21 enter the formula "=D6".

Notes:

In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS() function in excel. example, the formula in cell B25 would be

"=ABS( F21- F22) ".

Cell 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 B6 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 $1,500 U, 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 compute and then upload it here by clicking "Browse." Next click "Save". You will use this worksheet to answer the question in Part 2.

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Requirement 2:

Revise the data in your worksheet to reflect the results for the subsequent period as shown below: