Question: Please SHOW Formula's Standard Cost Variance Analysis - Direct Materials begin{tabular}{|l|l|} hline Standard Quantity Allowed for Actual Output at Standard Price & hline Actual

Please SHOW Formula's

 Please SHOW Formula's Standard Cost Variance Analysis - Direct Materials \begin{tabular}{|l|l|}\hline Standard Quantity Allowed for Actual Output at Standard Price & \\\hline Actual Quantity of Input, at Standard Price & \\ \hline ActualQuantity of Input, at Actual Price & \\ \hline & \\ \hline

Standard Cost Variance Analysis - Direct Materials \begin{tabular}{|l|l|} \hline Standard Quantity Allowed for Actual Output at Standard Price & \\ \hline Actual Quantity of Input, at Standard Price & \\ \hline Actual Quantity of Input, at Actual Price & \\ \hline & \\ \hline Materials quantity variance & \\ \hline Materials price variance & Unfavorable \\ \hline \end{tabular} \begin{tabular}{l} Standard Cost Variance Analysis - Direct Labor \\ \hline Standard Hours Allowed for Actual Output at Standard Rate \\ Actual Hours of Input, at Standard Rate \\ \hline Actual Hours of Input, at Actual Rate \\ \hline \\ \hline Labor efficiency variance \\ \hline Labor rate variance \end{tabular} Standard Cost Variance Analysis - Variable Manufacturing Overhead \begin{tabular}{|l|l|} \hline Standard Hours Allowed for Actual Output at Standard Rate & \\ \hline Actual Hours of Input, at Standard Rate & \\ \hline Actual Hours of Input, at Actual Rate & \\ \hline & \\ \hline Variable overhead efficiency variance & \\ \hline Variable overhead rate variance & \\ \hline \end{tabular} Standards for one of Patterson, Inc.'s products is shown below, along with actual cost data for the month: Variable overhead is assigned to products based on direct labor hours. There was no beginning or ending inventory of materials for the month. Required: Using formulas, compute the following. Input all numbers as positive amounts. (Hint: This con be done using the ABS function). Using formulas, compute the amount of the unit cost difference that is traceable to each of the variances computed above. \begin{tabular}{l} Materials: \\ Quantity variance \\ Price variance \\ Labor: \\ Efficiency variance \\ Rate variance \\ Variable overhead: \\ Efficiency variance \\ Rate variance \\ \hline Excess of actual over standard cost per unit \end{tabular} Computing Variance Analysis Patterson, Inc. has provided detalls of Its actual cost data for the month. The Controller has asked you to compute the basic varlances and the impact of those varlances on unlt costs. Here are some tips for using Excel: - Cell Reference: Allows you to refer to data from another cell In the worksheet. If you entered "=B5" Into a blank cell, the formula would output the value from cell B5. - Basic Math Functions: Allow you to use the basic math symbols to perform mathematical functlons. You can use the followng keys: +(plus sign to add), - (minus sign to subtract), (asterlsk sign to multiply), and / (forward slash to divide). For example, If you entered "=B4+B5" in a blank cell, the formula would add the values from those cells and output the result. - SUM Function: Allows you to refer to multiple cells and adds all the values. You can add Individual cell references or ranges. If you entered "=SUM(C4:C6)", the formula would output the same result of adding those cells. 1. Use the Open Excel In New Tab button to launch this question. 2. When finlshed In Excel, use the Save and Return to Assignment button in the lower right to return to Connect

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