A Xfx Cost information about Masic Incorporated is provided in cells A6 to D7. Actual cost information is provided in cells A11 to B14. A statement of re B C D E F G H Masik, Incorporated is analyzing its most current direct materials results against the budget. Here is the standard cost information: Standard Cost per Direct Material Standard Quantity per Unit Standard Cost per Unit Direct Materials $ 9.50 2 $ 19.00 3 9 Actual cost information is below: 0 1 Units Produced 4,000 2 Materials Purchased 3 Material Used 8,500 7,800 4 Cost of Direct Materials $ 85,000 5 6 Required: 7 Fill in the cells below with required data for variance calculations and favorability. 8 Hint: Use the ABS() function to calculate amounts and use an IF() condition to determine the favorability of the variances. 9 20 21 Actual x Actual (used) 22 AQ AP 23 Direct Materials Variances Actual x Standard (used) AQ SP

Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter12: Activity-based Management
Section: Chapter Questions
Problem 14E: Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving...
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am. 159.

A
Xfx Cost information about Masic Incorporated is provided in cells A6 to D7. Actual cost information is provided in cells A11 to B14. A statement of re
B
C
D
E
F
G
H
Masik, Incorporated is analyzing its most current direct materials results against the budget.
Here is the standard cost information:
Standard Cost per
Direct Material
Standard Quantity
per Unit
Standard Cost per
Unit
Direct Materials
$
9.50
2 $
19.00
3
9
Actual cost information is below:
0
1
Units Produced
4,000
2 Materials Purchased
3 Material Used
8,500
7,800
4 Cost of Direct Materials $
85,000
5
6 Required:
7 Fill in the cells below with required data for variance calculations and favorability.
8 Hint: Use the ABS() function to calculate amounts and use an IF() condition to determine the favorability of the variances.
9
20
21
Actual x Actual (used)
22
AQ
AP
23
Direct Materials Variances
Actual x Standard (used)
AQ
SP
Transcribed Image Text:A Xfx Cost information about Masic Incorporated is provided in cells A6 to D7. Actual cost information is provided in cells A11 to B14. A statement of re B C D E F G H Masik, Incorporated is analyzing its most current direct materials results against the budget. Here is the standard cost information: Standard Cost per Direct Material Standard Quantity per Unit Standard Cost per Unit Direct Materials $ 9.50 2 $ 19.00 3 9 Actual cost information is below: 0 1 Units Produced 4,000 2 Materials Purchased 3 Material Used 8,500 7,800 4 Cost of Direct Materials $ 85,000 5 6 Required: 7 Fill in the cells below with required data for variance calculations and favorability. 8 Hint: Use the ABS() function to calculate amounts and use an IF() condition to determine the favorability of the variances. 9 20 21 Actual x Actual (used) 22 AQ AP 23 Direct Materials Variances Actual x Standard (used) AQ SP
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