DATA REVIEW VIEW AYOUT FORMULAS AA 3 % - Alignment Number Paste BTU A Conditional Formatas Cell Formatting Table Styles Styes points 3 Skod Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the monthi eBook $2.75 per yard $2.70 per yard $6.60 $8.10 Print 5 Direct materials: 4 Standard 2.4 yards @ 5 Actual 3 yards @ 5 Direct labor: 7 Standard 0.6 hours @ 8 Actual 0.5 hours @ 9 Variable overhead: 10 Standard 0.6 hours @ 11 Actual 11 0.5 hours @ 12 13 Total cost per unit $18.00 per hour $22.00 per hour 10.80 11.00 S References $7.00 per hour $7.10 per hour 4.20 3 .55 $21.60 $21.60 $22.65 $22.65 17 Actual product 15 Excess of actual cost over standard cost per unit 16 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. " Using formulas, compute the following. Input all numbers as positive amounts Indicate whether the variances are For U. Write if statements for variance cells F30 to 147. Use cell references (formulas) for cells D53-060. Enter an For U to indicate the correct variance in cells S toF Sherlin 1 0 Vance Analysis and the impact of Varances on Un Cos PAGE LAYOUT FORMULAS DATA REVIEW VIEW FILE HOME INSERT Cabril Paste BIV A Alignment Number Conditional Formatas Cell Formatting Table Styles Cells Editing Fort Sye Doints G36 Indicate whether the variances are For U. Write if statements for variance cells F30 to 47. Use cell references (formulas) for cells DS3 - D60. Enter an For U to indicate the correct variance in cells F54 to F62. 25 Standard Cost Variance Analysis - Direct Materials Standard Quantity Allowed for Actual Output at Standard Price Actual Quantity of Input, at Standard Price 28 Actual Quantity of Input, at Actual Price Materials quantity variance Materials price variance 35 Standard Cost Variance Analysis - Direct Labor 34 Standard Hours Allowed for Actual Output at Standard Rate 35 Actual Hours of Input, at Standard Rate 36 Actual Hours of Input, at Actual Rate Labor efficiency variance Laborrate variance 39 41 Standard Cost Variance Analysis - Variable Manufacturing Overhead 42 Standard Hours Allowed for Actual Output at Standard Rate 43 Actual Hours of Innut at Standard Rate 7 B . FILE HOME XC Basic Variance Analysis and the impact of Variances on Unit Costs - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW - INSERT DAN B TV- Algnment Number Conditional Formats Formatting Table Styles Styles Skipped 41 Standard Cost Variance Analysis Variable Manufacturing Owerhead Standard Hours Allowed for Actual Output at Standard Rate Actual Hours of Input, at Standard Rate Actual Hours of input, at Actual Rate Variable overhead efficiency variance Variable overhead rate variance Deferences 49 Using formulas, compute the amount of the unit cost difference 50 that is traceable to each of the variances computed above. 52 Materials: 55 Quantity variance se Price vanance 55 Labor: 56 Efficiency variance 57 Rate variance 58 Variable overhead: 59 Efficiency variance Rate variance Excess of actual over standard cost per unit