Question: Using the data provided: a - 1 . What is the materials quantity variance? Note: Indicate the effect of each variance by selecting F

Using the data provided:
a-1. What is the materials quantity variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
a-2. What is the materials price variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
b-1. What is the labor efficiency variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
b-2. What is the labor rate variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your final answer to nearest whole dollar amount.
c-1. What is the variable overhead efficiency variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
c-2. What is the variable overhead rate variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).Requirement 2:
Revise the data in your worksheet to reflect the results for the subsequent period as shown below:
\table[[,A,B,C,D,E],[1,Chapter 10: Applying Excel,,,,,],[2],[3,Data,,,,,],[4,Exhibit 10-1: Standard Cost Card,,,,,],[5,Inputs,Standard Quantity,Standard Price],[6,Direct materials,3.0,pounds,$,4.00,per pound],[7,Direct labor,0.50,hours,$,22.00,per hour],[8,Variable manufacturing overhead,0.50,hours,$,6.00,per hour],[9],[10,Actual results:,,,,,],[11,Actual output,1,960,units,,,],[12,Actual variable manufacturing overhead cost,5,184.00,,,,],[13,,Actual Quantity,Actual price],[14,Actual direct materials cost,6,130,pounds,$,4.10,per pound],[15,Actual direct labor cost,810,hours,$,22.10,per hour]]
a-1. What is the materials quantity variance?
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i. variance).
 Using the data provided: a-1. What is the materials quantity variance?

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