What is the materials quantity variance? $($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?

$($b$-1)$ What is the labor efficiency variance?

$($b$-2)$ What is the labor rate variance? $($round our final answer to the nearest whole dollar amount.$)$

$($c$-1)$ What is the variable overhead efficiency variance?

 

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Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A 1 Chapter 09: Applying Excel 2 3 Data 4 5 6 7 8 9 10 11 12 13 14 15 Exhibit 9-9: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ B Standard Quantity 3.0 pounds 0.50 hours 0.50 hours C 1,920 units 6,526.50 Actual Quantity 5,655 pounds 1,145 hours $ $ $ $ $ D E Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 4.10 per pound 22.40 per hour Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A 1 Chapter 09: Applying Excel 2 3 Data 4 5 6 7 8 9 10 11 12 13 14 15 Exhibit 9-9: Standard Cost Card Inputs Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost Actual direct materials cost Actual direct labor cost $ B Standard Quantity 3.0 pounds 0.50 hours 0.50 hours C 1,920 units 6,526.50 Actual Quantity 5,655 pounds 1,145 hours $ $ $ $ $ D E Standard Price 4.00 per pound 22.00 per hour 6.00 per hour Actual price 4.10 per pound 22.40 per hour

Answer rating: 100% (QA)

The image youve provided shows a standard cost card and actual results for the production of certain units With this information we can calculate the variance between the standard costs and the actual ... View the full answer