Please show work in excel :) Bullfrog. Inc. has the following standard...
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Please show work in excel :)
Bullfrog. Inc. has the following standard material and labor quantities and costs for one unit of Product A: Material 2 pounds a S4.50 per pound Labor 3 hours $15 per hour During August, the purchasing agent was able to purchase the raw material needed for Product and bought and used 125.000 pounds of materials at per pound. In August, the company produced 60,000 units with the following actual material and usages Material 125,000 pounds Labor 190.000 direct labor hours a 16.50 per hour INSTRUCTIONS: Calculate the following variances: Material purchase price variance 2) Material quantity variance 3) Direct labor rate variance 4) Direct labor efficiency variance 5) Look at your answers for the 4 variances above. Describe what these variances tell us about what may have happened
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