Question: please use Excel formula For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an =


For an answer to be graded as correct, you must use an Excel formula: 1. Begin each formula with an = sign. 2. Reference cells, instead of entering values. Example: =B3+C3 The standard cost card for a single unit of Robinson, Incorporated's products is shown below. \begin{tabular}{|l|c|c|c|c|} \hline & T & Standard Quantity & Standard Price/Rate \\ \hline Direct materials: & 2.5 yards e & 58.00 & per yard \\ \hline Direct labor & 0.5 hours & 518.00 & per hour Cost \\ \hline Variable overhead fbased on labor hours) & 0.5 hours 9 & 510.00 & per hour \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline Budseted production for the month & 14,000 & units \\ \hline Actual production for the month & 13,500 & units \\ \hline \end{tabular} 1. Compute the direct material, direct labor and variable overhead variancet Complete the following table comparing actual costs to the flewble budget and master budget. Use formulas for the spending and volume variances so that variance will appear as a negative number if unfavorable and a positive number if favorable Note: Use cell A2 to A15 from the given information to complete this queition. Using the formulas provided, compute the following variances Write if statements to enter an F or U to indicate whether the variance is favorable or unfavorable. Note: Use cell A2 to A15 from the given information to complete thls
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