Requirement 2:

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

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).)

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 (i.e., zero 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).)

b-2. What is the labor 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). Round your final answer to nearest whole dollar amount.)

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).)

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).)

Chapter 11: Applying Excel 3 Data 4 Exhibit 11-1: Standard Cost Card Inputs Standard Quantity Standard Price 3.0 pounds $4.00 6 Direct materials 7 Direct labor 3 Variable manufacturing overhead $22.00 per hour 0.50 hours 0.50 hours $6.00 per hour 0 Actual results 1 Actual output 2 Actual variable manufacturing overhead cost 2,120 units $6,820 4 5 6 Actual direct materials cost Actual direct labor cost Actual Quantity 6,455 pounds 1,100 hours Actual price $4.2 pounds $21.6 per hour