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You are provided with the following information. Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost $ Inputs Actual direct materials cost Actual direct labor cost Actual Quantity Required: Use the information above to calculate the variances. Note: Use ABS() formula for variances. Actual Hours Actual Hours X X X Actual Quantity 6,550 pounds 1,120 hours Actual Price Actual Rate Standard Quantity 2.9 pounds 0.65 hours 0.65 hours Actual Rate 2,120 units 7,260 $ $ $ $ $ Standard Price Actual Price 3.97 per pound 21.35 per hour 4.15 per pound 22.00 per hour 5.89 per hour Actual Quantity Actual Hours Direct Materials Actual Hours X Direct Labor Variable Overhead X Standard Price Standard Rate Standard Rate Standard Quantity Standard Hours Standard Hours X X X Standard Price Standard Rate Standard Rate

You are provided with the following information. Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost $ Inputs Actual direct materials cost Actual direct labor cost Actual Quantity Required: Use the information above to calculate the variances. Note: Use ABS() formula for variances. Actual Hours Actual Hours X X X Actual Quantity 6,550 pounds 1,120 hours Actual Price Actual Rate Standard Quantity 2.9 pounds 0.65 hours 0.65 hours Actual Rate 2,120 units 7,260 $ $ $ $ $ Standard Price Actual Price 3.97 per pound 21.35 per hour 4.15 per pound 22.00 per hour 5.89 per hour Actual Quantity Actual Hours Direct Materials Actual Hours X Direct Labor Variable Overhead X Standard Price Standard Rate Standard Rate Standard Quantity Standard Hours Standard Hours X X X Standard Price Standard Rate Standard Rate

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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You are provided with the following information. Please give me the answers in an excel format.

You are provided with the following information. Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost $ Inputs Actual direct materials cost Actual direct labor cost Actual Quantity Required: Use the information above to calculate the variances. Note: Use ABS() formula for variances. Actual Hours Actual Hours X X X Actual Quantity 6,550 pounds 1,120 hours Actual Price Actual Rate Standard Quantity 2.9 pounds 0.65 hours 0.65 hours Actual Rate 2,120 units 7,260 $ $ $ $ $ Actual Price 3.97 per pound 21.35 per hour Standard Price 4.15 per pound 22.00 per hour 5.89 per hour Actual Quantity Actual Hours Direct Materials Actual Hours X Direct Labor X Variable Overhead X Standard Price Standard Rate Standard Rate Standard Quantity Standard Hours Standard Hours X X X Standard Price Standard Rate Standard Rate
Transcribed Image Text:You are provided with the following information. Direct materials Direct labor Variable manufacturing overhead Actual results: Actual output Actual variable manufacturing overhead cost $ Inputs Actual direct materials cost Actual direct labor cost Actual Quantity Required: Use the information above to calculate the variances. Note: Use ABS() formula for variances. Actual Hours Actual Hours X X X Actual Quantity 6,550 pounds 1,120 hours Actual Price Actual Rate Standard Quantity 2.9 pounds 0.65 hours 0.65 hours Actual Rate 2,120 units 7,260 $ $ $ $ $ Actual Price 3.97 per pound 21.35 per hour Standard Price 4.15 per pound 22.00 per hour 5.89 per hour Actual Quantity Actual Hours Direct Materials Actual Hours X Direct Labor X Variable Overhead X Standard Price Standard Rate Standard Rate Standard Quantity Standard Hours Standard Hours X X X Standard Price Standard Rate Standard Rate
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