Question: 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card 5 Inputs Standard Quantity Standard Price 6 Direct materials3.0pounds$4.00 7 Direct

1Chapter 10: Applying Excel 2 3Data 4Exhibit 10-1: Standard Cost Card 5InputsStandard QuantityStandard Price 6 Direct materials3.0pounds$4.00 7 Direct labor0.50hours$22.00per hour 8 Variable manufacturing overhead0.50hours$6.00per hour 9 10 Actual results: 11 Actual output1,910units 12 Actual variable manufacturing overhead cost$6,490 13 Actual QuantityActual price 14 Actual direct materials cost5,535pounds$4.3pounds 15 Actual direct labor cost1,100hours$22.4per hour 16

a-1. What is the materials quantity variance?

a-2. What is the materials price variance?

b-1. What is the labor efficiency variance?

b-2. What is the labor rate variance?

c-1. What is the variable overhead efficiency variance?

c-2. What is the variable overhead rate variance?

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