Question: Can someone please help? the questions marks in the excel sheet need to be filled in Download the Applying Excel form and enter formulas in


Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell D21 enter the formula 14" Notes In the text, vorlances are always displayed as positive numbers. To accomplish this, you can use the ABSO function in Excel. For example, the formula in cell B25 would be =ABS(F21-F22) Cells c25 through c27.c34 through C36, and C43 through C45 already contain formulas to compute and display whether variances are Favorable Or Unfavorable Do not enter data or formulas into those cells-If you do, you will overwrite these formulas After entering formules in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text Check your worksheet by changing the direct materials standard quantity in coll B6 to 29 pounds, the direct labor standard quantity in cell 07 to 06 hours, and the variable manufacturing overhead in coll B8 to 0.6 hours. The materials spending varionce should now be $1,500 u, the labor spending variance should now be $3,720 F, and the variable overhead spending variance should now be $60 F if you do not get these answers, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clleking "Browse." Next, click Save." You will use this worksheet to answer the questions in Part 2 - 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 3 Data 4 Exhibit 9-9: Standard Cost Card 5 Inputs 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead 9 10 Actual results: Actual output 12 Actual variable manufacturing overhead cost 13 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 9 19 20 Exhibit 9-12: 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 28 2,000 units $7,140 Actual Quantity 6,500 pounds 1,050 hours Actual price $3.80 per pound $21.60 per hour ? pounds 2 pounds 7 pounds ? per pound ? per pound = ? per pound = 2 ? ? ? ? ? B c D E F 28 2 hours 2 hours 2 hours ? per hour ? per hour ? per hour 2 7 7 ? ? ? 29 Exhibit 9-13: 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 37 38 Exhibit 9-14: Standard Cost Variance Analysis - Variable Manufacturing Overhead 39 Actual Hours of Input, at Actual Rate 40 Actual Hours of Input, at Standard Rate 41 Standard Hours Allowed for the Actual Output, at Standard Rate 42 Variable overhead variances 43 Variable overhead rate variance 44 Variable overhead efficiency variance 45 Variable overhead spending variance 46 47 48 2 hours 2 hours ? hours 7 per hour ? per hour ? por hour ? ? ? ? 2 7
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