TILL INGLINE TAUL LATOUT FORMMOLAS VAIA BAL VIL V VIL VV signm fx Function Defined Formula Library Names Auditing Calculate Now Calculation Calculate Sheet Options D56 Calculation fx A B C E F G 1 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 2 3 Direct materials: 4 Standard 2.4 yards @ $2.75 per yard 5 Actual 3 yards @ $2.70 per yard $6.60 $8.10 6 Direct labor: 7 Standard 0.6 hours @ $18.00 per hour 10.80 8 Actual 0.5 hours @ $22.00 per hour 11.00 9 Variable overhead: 10 Standard 0.6 hours @ 11 Actual 0.5 hours @ $7.00 per hour $7.10 per hour 4.20 3.55 12 13 Total cost per unit $21.60 $22.65 14 $1.05 15 Excess of actual cost over standard cost per unit 16 17 Actual production for the month 13,500 units 18 Variable overhead is assigned to products based on direct labor hours. There 19 was no beginning or ending inventory of materials for the month. 20 21 Using formulas, compute the following. Input all numbers as positive amounts. 22 Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use cell references (formulas) for cells D53 - D60. Enter an F or U to indicate the correct variance in cells H 1