Standards for one of Patterson, Inc.$\text{'}$s products is shown below, along with actual cost data for the month:

Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month.

Required:

Using formulas, compute the following. Input all numbers as positive amounts.

$($Hint: This can be done using the ABS function$).$

$($Use cells A$5$ to G$14$ and cell B$16$ from the given information, as well as cells A$27$ to D$62$ to complete this question. All formulas must return positive values. For each variance,

select either "Favorable" or "Unfavorable".$)$

Standard Cost Variance Analysis $-$ Direct MaterialsUsing formulas, compute the amount of the unit cost difference that is traceable to each of the variances computed above.