show work(formulas). managerial

Home Formulas Data Review View Insert Draw Page Layout Calibri (Body) 11 BIU C fx A A SE E 2. Wrap Text Merge & Center Paste A 143 Note: This is the Work Problem portion of your exam. Complete this and upload it just as you would a homework assignment. Each work problem is on a separate Excel tab. Work problem 1 is worth 10 points, work problem 2 is worth 10 points, work problem 3 is worth 20 points, and work problem 4 is worth 10 points. The fifth work problem is worth 5 points extra credit. Total point value is 50 points with 5 points extra credit. Remember, I give partial credit, so give me as much detail on your calculations as possible so I can understand your thinking. Insert any lines or columns that you need for extra space. Make an attempt at all 4 problems. 1. Colusa Company makes galvanized steel feed buckets for farmers and uses standard costing in order to control its costs. The following are standard costs for a steel feed bucket: Direct materials (2 pounds of steel at $4 per pound) Direct labor (.75 hours at $16 an hour) Variable overhead (0.75 hours at $20 an hour) Standard variable cost per unit $35 The following data applies to November during which 6,000 buckets were produced & sold: DM (11,900 pounds) DL (4,600 hours) VOH $45,220 $69,000 $94,300 Compute materials, labor and variable overhead variances