The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in the text.

Requirement 2:

Revise the data in your worksheet to reflect the results for the subsequent period as shown below:

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 (i.e., zero variance)).

a-2. 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)).

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 (i.e., zero 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 (i.e., zero variance). Round your final answer to nearest whole dollar amount.)

c-1. 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)).

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)).

Required Information The Chapter 10 Form worksheet is to be used to create your own worksheet version of the main example in the text. Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below. 1 Chapter 10: Applying Excel 3 6 Data Exhibit 10-1: Standard Cost Card inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity 3.0 pounds 0.50 hours 0.50 hours S $ $ Standard Price 4.00 per pound 22.00 per hour 8.00 per hour 8 10 Actual results: 11 Actual output Actual variable manufacturing overhead cost $ 1.830 units 5,425 Actual Quantity 5,255 pounds 875 hours Actual direct materials cost Actual direct labor cost $ $ Actual price 3.80 per pound 21.60 per hour