Question: Please provide excel formula I need the formulas!!! E30 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for
E30 Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: 3 Direct materials: 4 Standard 5 Actual 6 Direct labor: 7 Standard 8 Actual 2.4 yards @ 3 yards @ $6.60 $2.75 per yard S2.70 per yard $8.10 0.6 hours @ 0.5 hours @ 10.80 $18.00 per hour $22.00 per hour 11.00 Variable overhead: 10 Standard 11 Actual 0.6 hours @ 0.5 hours @ 4.20 $700 per hour $7.10 per hour 3.55 $2160 $22.65 $1.05 13 Total cost per unit 1S Excess of actual cost over standard cost per unit 17 Actual production for the month 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. 13,500 units 21 Using formulas, compute the following. Input all numbers as positive amounts Indicate whether the variances are F or U. Write if statements for variance cells F30 to F47. Use 2cell references (formulas) for cells D53- D60. Enter an For U to indicate the correct variance in Is E54 to F62. . Sheet1
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