PLEASE INCLUDE THE FORMULAS

example: =SUM

A1 Function: IF: Formula: Subtract. Multiply: Cell Referencing E C D 1 Function: IF: Formula: Subtract. Multiply: Cell Referencing 2 3 Using Excel to Determine Overhead Variances 1 PROBLEM 5 in October, Pine Company was determining its overhead variance its 6 predetermined overhead rate is based on direct labor hours. The 7 following information was provided Student Work Area Required: Provide input into cells shaded in yellow in this template Use cell references to the Problem area with mathematical formulas in the input cells. In the last input field, Input an if function with cell references to your work area 8 10 11 12 Manufactunng overhead costs incurred Actual direct labor hours Standard hours allowed for work done Predetermined overhead rate $ 118,000 21.000 20,600 S 600 Compute the amount of the total overhead vanance and designate it the variance is favorable or untavorable using Excers IF function 13 14 Actual overhead Overhead applied Total overhead variance 15 16 17 Nature of variance 2F== 20 23