A

B

C

D

E

F

G

H

Compute the direct material, direct labor and variable overhead variances.

Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for the spending and volume variances so that variance will

$18$

appear as a negative number if unfavorable and a positive number if favorable.

$19$ Note: Use cell A$2$ to A$15$ from the given information to complete this question.

$20$

$21$

$22$

$\backslash$table$[[,$Actual Costs,$\backslash$table$[[$Spending$],[$Variances$]],\backslash$table$[[$Flexible$],[$Budget$]],$Volume Variances,Master Budget$],[$Direct materials:,$$245,700,,,,$P$],[$Direct labor:,$$129,938,,,,7],[$Variable overhead:,$$89,100,,,,7]]$

Using the formulas provided, compute the following variances.

$27$ Write if statements to enter an F or U to indicate whether the variance is favorable or unfavorable.

$28$ Note: Use cell A$2$ to A$15$ from the given information to complete this question.

$29$

$30$

$\backslash$table$[[$Direct materials:,Variance,F or U$],[$Price Variance $=A{A}^{**}(SP-AP),,],[$Quantity Variance $=S{P}^{**}(SQ-AQ),,],[$Total Spending Variance,,$],[$Direct Labor,,$],[$Rate Variance $=A{H}^{**}(SR-AR),,]]$

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