Revise the data in your worksheet to reflect the results for the subsequent period as shown below: 1 Chapter 10: Applying Excel A B D E 2 3 Data 4 Exhibit 10-2 Standard Cost Record - Variable Production Cost 5 Inputs Standard Quantity Standard Price 6 Direct materials 3.0 pounds $ 4.00 per pound 7 Direct labor 0.50 hours $ 22.00 per hour 8 Variable manufacturing overhead 0.50 hours $ 6.00 per hour 9 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 23 13 14 Actual direct materials cost 15 Actual direct labor cost 2,200 units $ 5,016.00 Actual Quantity Actual price 6,595 pounds $ 4.30 per pound 880 hours $ 21.60 per hour