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m8 this is an excel style practice Where it says "SELECT ONE", the options are either Favorable or Unfavorable.

m8 this is an excel style practice Where it says "SELECT ONE", the options are either Favorable or Unfavorable.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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m8

this is an excel style practice

Where it says "SELECT ONE", the options are either Favorable or Unfavorable. 

A 6 Data Section: 7 8 Materials price variance input 9 Actual cost of material per pound (ounce, etc.) Standard cost of mat. per pound (ounce, etc.) 10 11 B 12 Materials quantity variance input 13 Actual quantity of materials used 14 Standard quantity of mat. used for actual output 15 16 Labor rate variance input 17 Actual cost of labor per hour 18 Standard cost of labor per hour 19 20 Labor efficiency variance input Actual quantity of hours incurred 21 22 23 24 25 Answer Section: 26 Standard quantity of hours for actual output 27 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 39 40 36 Total labor variance 37 38 Total materials and labor variances с FORMULA1 FORMULA2 FORMULA4 FORMULA5 D E $15.90 $16.00 FORMULA7 ======= 39,500 38,000 $8.05 $8.00 44,000 45,600 Indicate For U only SELECT ONE SELECT ONE FORMULA3 SELECT ONE SELECT ONE SELECT ONE FORMULA6 SELECT ONE
Transcribed Image Text:A 6 Data Section: 7 8 Materials price variance input 9 Actual cost of material per pound (ounce, etc.) Standard cost of mat. per pound (ounce, etc.) 10 11 B 12 Materials quantity variance input 13 Actual quantity of materials used 14 Standard quantity of mat. used for actual output 15 16 Labor rate variance input 17 Actual cost of labor per hour 18 Standard cost of labor per hour 19 20 Labor efficiency variance input Actual quantity of hours incurred 21 22 23 24 25 Answer Section: 26 Standard quantity of hours for actual output 27 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 39 40 36 Total labor variance 37 38 Total materials and labor variances с FORMULA1 FORMULA2 FORMULA4 FORMULA5 D E $15.90 $16.00 FORMULA7 ======= 39,500 38,000 $8.05 $8.00 44,000 45,600 Indicate For U only SELECT ONE SELECT ONE FORMULA3 SELECT ONE SELECT ONE SELECT ONE FORMULA6 SELECT ONE
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