managerial accounting chapter 10 excel

AutoSave 5 5 = Home Insert Draw Page Layout Formulas Data Review View Calibri (Body) 11 A A = = = ? Wrap BI U l ar A 3 Merge Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updi D10 x fx Exercise 2 French Co. makes berets out of a special dyed wool fabric. During the month, the company made 2000 berets using 2200 decimeters of fabric. The fabric cost 14520 Euros. According to company standards, each beret requires 1.2 decimeters of fabric at a cost of 6 Euros per decimeter. What is the actual price of fabric per decimeter? What is the standard quantity given the number of berets produced? What is the amount of material price variance? Is the MPV favorable or unfavorable? What is the amount of material quantity efficiency) variance? Is the MQV favorable or unfavorable? Exercise 3 Lunch Co. makes sandwiches for convenience stores. Last month, it made 24500 sandwiches using 980 direct labor hours. It paid its employees a total of $7938. According to company standards, employees should make 20 sandwiches per hour and be paid $9 per hour. What is the actual labor rate? What is the standard hours allowed for the number of sandwiches made? What is the amount of labor rate (price) variance? Is the MPV favorable or unfavorable? What is the amount of labor efficiency quantity) variance? Is the MQV favorable or unfavorable