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Standard Costs and Variances Calculate missing direct material variables Last month, Talley Corporation purchased and used the same quantity of material in producing its product,

Standard Costs and Variances
Calculate missing direct material variables
Last month, Talley Corporation purchased and used the same quantity of material in producing its product, speed bumps for traffic control.
Requirement
1 Complete the table by filling in the missing information.
a. Use the ABS function when calculating variances, and use the drop-down selections for F or U when describing the variances.

(Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instruction tab you will be marked wrong.)
Direct materials information Medium speed bump Large speed bump
Standard pounds per unit 15
Standard price per pound $1.00 $1.80
Actual quantity purchased and used per unit 16
Actual price paid for material per pound $1.80 $2.10
Direct materials price variance $1,120 U $1,920 U
Direct materials quantity variance $100 F
Total direct material variance $480 U
Number of units produced 100 400

** CAN I GET HELP WITH THE TYPE OF FORMULAS TO USE PLEASE** PLEASE DO IT ON EXCEL AND UPLOAD FUNCTIONS

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