Question
Revise the data in your worksheet to reflect the results for the subsequent period as shown below: What is the materials quantity variance? (Indicate the
Revise the data in your worksheet to reflect the results for the subsequent period as shown below:
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).)
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).)
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).)
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.)
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).)
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).)
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: DEF A 1 Chapter 8: Applying Excel ? ? ? 3 Data 4 Exhibit 8-8: Standard Cost Card Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price $4.00 $22.00 per hour $6.00 per hour 10 Actual results: 11. Actual output 12 Actual variable manufacturing overhead cost 1,880 units $6,131 Actual Quantity 5,865 pounds 1,005 hours 14 15 Actual direct materials cost Actual direct labor cost IN Actual price $3.8 pounds $21.9 per hour
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