answers must be input using excel formulas

G26 A C D E F Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: Direct materials: Total cost per unit $21.60$22.65 Excess of actual cost over standard cost per unit 16 $1.05 Actual production for the month 13,500 units 18 Variable overhead is assigned to products based on direct labor hours. There 19 was no beginning or ending inventory of materials for the month. 20 21 Using formulas, compute the following. Input all numbers as positive amounts. 22 Indicate whether the variances are For U. Write If statements for variance cells F30 to F47. Use cell references (formulas) for cells D53 - D60. Enter an F or U to indicate the correct variance in cells F5a + a Fro 22 Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use cell references (formulas) for cells D53 - D60. Enter an F or U to indicate the correct variance in cells F54 to F62. \begin{tabular}{|l|l|} 23 & \\ 24 & \\ 25 & Standard Cost Varlance Analysis - Direct Materials \end{tabular} Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price Actual Quantity of Input, at Actual Price Materials quantity variance Materials price variance Standard Cost Varlance Analys/s - Direct Labor Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of Input, at Actual Rate Labor efficiency variance Labor rate variance Standard Cost Varlance Analysis - Variable Manufacturing Overhead 42 Standard Hours Allowed for Actual Output at Standard Rate 43 Actual Houre nf Innut at Standard Rate +, Sheet1..$ READY work (i) Saved 1. Compute the direct materials price and quantity variances and explain their significance. 2. Compute the direct labor rate and efficiency variances and explain their significance. 3. Compute the variable manufacturing overhead rate and efficiency variances and explain their significance