FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 11 AA 96 Paste BIU Alignment Number Conditional Format as Cell Formatting Table Styles Clipboard Font Styles Cells Editing Sign In 4 C28 3 x 4 A B D E F 1 The standard cost card for a single unit of Robinson, Inc.'s products is shown below. 2 31 Standard Quantity Standard Price/Rate Standard Unit Cost 4 Direct materials: 2.5 yards @ $8.00 per yard 5 Direct labor: 0.5 hours @ $18.00 per hour $20.00 9.00 6 Variable overhead (based on labor hours): 0.5 hours @ $10.00 per hour 5.00 7 8 Budgeted production for the month 9 Actual production for the month 14,000 units 13,500 units 10 11 Actual Costs Incurred to Produce 13,500 units: Total Actual Cost 12 Direct Materials Purchased and Used 35,100 yards @ $7.00 per yard 13 Direct Labor Paid 7,425 hours @ $17.50 per hour $245,700 $129,938 14 Variable Overhead Incurred 7,425 hours @ $12.00 per hour $89,100 15 Complete the following table comparing actual costs to the flexible budget and master budget. Use formulas for 16 the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable. 17 18 19 Direct materials: 20 Direct labor: READY Attempt(s) 3/3 Sheet1 Spending Actual Costs Variances Flexible. Volume Master Budget Variances Budget $245,700 $129,938 100% Hint