show answer with formulas please

Required information 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. For example, the formula in cell 825 would be *ABS(F21-F22)" . Cells 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 86 to 2.9 pounds, the direct labor standard quantity in cell B7 to 0.6 hours, and the variable manufacturing overhead in cell 38 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 computer and then upload it here by clicking "Browse."Next, click "Save. You will use this worksheet to answer the questions in Part 2 B19 f D E F G H - Standard Price $4.00 per pound $22.00 per hour $6.00 per hour Actual price $3.80 per pound $21.60 per hour ? per pound ? per pound ? per pound ? ? ? B 2 Data Exhibit 10-1: Standard Cost Card Inputs Standard Quantity 6 Direct materials 3.0 pounds 7. Direct labor 0.50 hours 8 Variable manufacturing overhead 0 60 hours 9 10 Actual results: 11 Actual output 1,940 units 12 Actual variable manufacturing overhead cost $4.312 13 Actual Quantity 14 Actual direct materials cost 5,840 pounds 15 Actual direct labor cost 770 hours 16 17 Enter a formule into each of the cells marked with a ? below 18 Main Example: Chapter 10 19 20 Exhibit 10-4: Standard Cost Variance Analysis-Direct Materials 21 Standard Quantity Allowed for the Actual Output, at Standard Price 2 pounds 22 Actual Quantity of Input, at Standard Price 2 pounds 23 Actual Quantity of Input, at Actual Price 2 pounds x 24 Direct materiais variances: 25 Materials quantity variance 2 26 Materials price variance 2 27 7 Materials spending variance 28 29 Exhibit 10-6: Standard Cost Variance Analysis - Direct Labor 30 Standard Hours Allowed for the Actual Output, at Standard Rate 2 hours 31 Actual Hours of Input, at Standard Rate 2 hours 37 Actual Hours of Input, at Actual Rate 2 hours 33 Direct labor variances: Labor efficiency variance ? 35 Labor rate variance 2 36 Labor spending variance 2 37 38 Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead 39 Standard Hours Allowed for the Actual Output, at Standard Rate ? hours K 40 Actual Hours of Input, at Standard Rate ? hours 41 Actual Hours of Input, at Actual Rate ? hours 42 Variable overhead variances: 43 Variable overhead officiency variance ? Variable overhead rate variance 45 Variable overhead spending variance ? 46 47 ? per hour ? per hour ? per hour ? 2 2 ? per hour 7 per hour. 7 per hour Required Information 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 (l.e., zero variance)). The amount of the materials quantity variance a-2. What is the materials price variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le., zero variance). The amount of the materials price variance Required Information 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 (.e., zero variance)). The amount of the labor efficiency 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 (.e., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance Required Information c-1. What is the variable overhead efficiency variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance)). The amount of the variable overhead efficiency 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)). The amount of the variable overhead rate variance