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What are the formulas for this excel sheet? 1 Chapter 11: Applying Excel 3 Data 4 Exhibit 11-1: Standard Cost Card Inputs 6 Direct materials

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1 Chapter 11: Applying Excel 3 Data 4 Exhibit 11-1: Standard Cost Card Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead Standard Quantity 3.0 pounds 0.50 hours 0.50 hours Standard Price $4.00 per pound $22.00 per hour $6.00 per hour 10 Actual results: 11 Actual output 12 Actual variable manufacturing overhead cost 13 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours Actual price $3.80 per pound $21.60 per hour 14 Actual direct materials cost 15 Actual direct labor cost 16 17 Enter a formula into each of the cells marked with a ? below 18 Main Example: Chapter 11 19 20 Exhibit 11-5: Standard Cost Variance Analysis-Direct Materials 21 Actual Quantity of Input, at Actual Price 22 Actual Quantity of Input, at Standard Price 23 Standard Quantity Allowed for the Actual Output, at Standard Price 24 Direct materials variances: 25 Materials price variance 26 Materials quantity variance 27 Materials spending variance pounds x pounds x pounds x ? per pound = ? per pound ? per pound 28 ? 28 29 Exhibit 11-6: Standard Cost Variance Analysis-Direct Labor 30 Actual Hours of Input, at Actual Rate 31 Actual Hours of Input, at Standard Rate 32 Standard Hours Allowed for the Actual Output, at Standard Rate 33 Direct labor variances: 34 Labor rate variance 35 Labor efficiency variance 36 Labor spending variance hours x hours x hours x ? per hour = ? per hour = ? per hour = ? ? ? per hour ? per hour = ? per hour = 38 Exhibit 11-7: Standard Cost Variance Analysis-Variable Manufacturing Overhead 39 Actual Hours of Input, at Actual Rate hours x 40 Actual Hours of Input, at Standard Rate hours x 41 Standard Hours Allowed for the Actual Output, at Standard Rate 2 hours x 42 Variable overhead variances: 43 Variable overhead rate variance 44 Variable overhead efficiency variance 45 Variable overhead spending variance

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