Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B D E 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card Inputs 5 Standard Price Standard Quantity 3.0 pounds 6 $ Direct materials Direct labor Variable manufacturing overhead 4.00 per pound 22.00 per hour 7 0.50 hours $ 8 0.50 hours $ 6.00 per hour 000 9 Actual results: 10 11 Actual output Actual variable manufacturing overhead cost $ 12 2.130 units 5,445.00 Actual Quantity 6.600 pounds 13 Actual direct materials cost Actual direct labor cost 14 Actual price 4.10 per pound 21.80 per hour $ $ 990 hours 15 a-1. What is the materials quantity varlance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero varlance)). The amount of the materials quantity variance a-2. What is the materials price varlance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (1.e., zero varlance)). The amount of the materials price variance b-1. What is the labor efficiency variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance)). The amount of the labor efficiency variance b-2. What is the labor rate variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance C-1. What is the varlable overhead efficiency variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the variable overhead efficiency variance c-2. What is the variable overhead rate variance? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance)). The amount of the variable overhead rate variance
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!