Please help me with b2, c1, and c2. Thanks!
Extracted text: A1 fx Chapter 10: Applying Excel A В C E F 1 Chapter 10: Applying Excel 2 3 Data 4 Exhibit 10-1: Standard Cost Card Iпрuts Standard Quantity 2.9 pounds Standard Price 6 Direct materials 7 Direct labor 8 Variable manufacturing overhead $4.00 per pound $22.00 per hour $6.00 per hour 0.60 hours 0.60 hours 9. 10 Actual results: Actual output 11 2,000 units $7,140 Actual Quantity 6,500 pounds 12 Actual variable manufacturing overhead cost Actual price $3.80 per pound $21.60 per hour 13 14 Actual direct materials cost 15 Actual direct labor cost 1,050 hours 16 17 Enter a formula into each of the cells marked with a ? below 18 Main Example: Chapter 10 19 20 Exhibit 10-4: Standard Cost Variance Analysis- Direct Materials 21 Standard Quantity Allowed for the Actual Output, at Standard Price 22 Actual Quantity of Input, at Standard Price 23 Actual Quantity of Input, at Actual Price 5,800 pounds x 6,500 pounds x 6,500 pounds x $4.00 per pound = $4.00 per pound = $3.80 per pound = $23,200 $26,000 $24,700 24 Direct materials variances: Materials quantity variance Materials price variance Materials spending variance $2,660 U $1,300 F $1,500 U 25 26 27 28 29 Exhibit 10-6: Standard Cost Variance Analysis-Direct Labor 30 Standard Hours Allowed for the Actual Output, at Standard Rate 31 Actual Hours of Input, at Standard Rate 32 Actual Hours of Input, at Actual Rate $22.00 per hour = $22.00 per hour = $21.60 per hour = $26,400 $23,100 $22,680 1,200 hours x 1,050 hours x 1,050 hours x 33 Direct labor variances: Labor efficiency variance Labor rate variance $3,300 F $420 F $3,720 F 34 35 36 Labor spending variance 37 38 Exhibit 10-8: Standard Cost Variance Analysis-Variable Manufacturing Overhead 39 Standard Hours Allowed for the Actual Output, at Standard Rate 40 Actual Hours of Input, at Standard Rate 41 Actual Hours of Input, at Actual Rate 42 Variable overhead variances: 1,200 hours x 1,050 hours x 1,050 hours x $6.00 per hour = $6.00 per hour = $6.80 per hour = $7,200 $6,300 $7,140 $900 F $840 U $60 F 43 Variable overhead efficiency variance 44 Variable overhead rate variance 45 Variable overhead spending variance
Extracted text: 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 Standard Quantity Standard Price 6. 3.0 pounds 4.00 per pound Direct materials 7 Direct labor 0.50 hours 22.00 per hour 8 Variable manufacturing overhead 0.50 hours 6.00 per hour 10 Actual results: 11 Actual output 1,990 units 12 Actual variable manufacturing overhead cost 7,018.00 13 Actual Quantity Actual price 14 Actual direct materials cost 6,060 pounds 3.70 per pound 15 Actual direct labor cost 1,210 hours 22.10 per hour a-1. What is the materials quantity variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the materials quantity variance a-2. What is the materials price variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the materials price variance b-1. What is the labor efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the labor efficiency variance b-2. What is the labor rate variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your final answer to nearest whole dollar amount.) The amount of the labor rate variance c-1. What is the variable overhead efficiency variance? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.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 variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the variable overhead rate variance