A B C D E 1 2 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 3 4 Direct materials: 5 Standard - 6 Actual 2.4 yards 3.0 yards $2.75 per yard $2.70 per yard $6.60 $8.10 7 Direct labor: 8 Standard 0.6 hours $18.00 per hour 10.80 9 Actual 10 Variable overhead: 11 Standard 12 Actual 13 Total cost per unit 0.5 hours@ $22.00 per hour 11.00 0.6 hours $7.00 per hour 4.20 0.5 hours $7.10 per hour 3.55 $21.60 $22.65 14 Excess of actual cost over standard cost per unit 15 16 Actual production for the month $1.05 13,500 units 17 Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. 18 19 Required: 20 Using formulas, compute the following. Input all numbers as positive amounts 21 (Hint: This can be done using the ABS function) H