Please use letters and numbers seen in pictures for formulas. Need help with formulas 1516HT5678o1817 141519 16 Labor rate variance inputHNNAB12 Materials quantity variance input13 Actual quantity of materials used20 17COOHN3Standard quantity of mat. used for actual output21 1822 1923 20 Labor efficiency variance input21 Actual quantity of hours incurred2425 22 Standard quantity of hours for actual output26 2327 2428293031323334353637383940 37Actual cost of labor per hourStandard cost of labor per hour25 Answer Section:262728 Material price variance29 Material quantity variance3031 Total materials variance3233 Labor rate variance34 Labor efficiency variance3536 Total labor variance4142 3943 40444538 Total materials and labor variancesDIRVAR CurrentFORMULA1FORMULA2FORMULA4FORMULA5DFORMULA3FORMULA6FORMULA739,50038,000$8.05$8.0044,00045,600IndicateFor U onlySELECT ONESELECT ONESELECT ONESELECT ONESELECT ONESELECT ONE 78910NN6 Data Section:7812913 1014 1115161714181519 1620 1721 18~~~22 19сп наA24A25~~BB23 20 Labor efficiency variance input21 Actual quantity of hours incurred22 Standard quantity of hours for actual outputMaterials price variance inputActual cost of material per pound (ounce, etc.)Standard cost of mat. per pound (ounce, etc.)12 Materials quantity variance input13 Actual quantity of materials usedStandard quantity of mat. used for actual outputLabor rate variance inputActual cost of labor per hourStandard cost of labor per hour26 2327 2428 25 Answer Section:29 2630273128 Material price variance3229 Material quantity variance33 303435367731 Total materials variance3233 Labor rate variance3.1Labor affininunuerienceDIRVAR CurrentORIGINALن انCFORMULA1FORMULA2FORMULA4FODMLILACDFORMULA3$15.90$16.0039,50038,000$8.05$8.0044,00045,600EEIndicateFor U onlySELECT ONESELECT ONESELECT ONESELECT ONESELECT ONE

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Description: Please use letters and numbers seen in pictures for formulas. Need help with formulas 1516HT5678o1817 141519 16 Labor rate variance inputHNNAB12 Materials quantity variance input13 Actual quantity of materials used20 17COOHN3Standard quantity of mat.

Variance is the difference in the value of budgeted quantity. and the actual cost \quantity. Direct…

Business

Accounting

A B 15 12 Materials quantity variance input 16 13 Actual quantity of materials used 17 14 18 15 19 16 Labor rate variance input 20 17 Actual cost of labor per hour 21 18 Standard cost of labor per hour 22 19 23 20 Labor efficiency variance input 24 21 Actual quantity of hours incurred 25 22 Standard quantity of hours for actual output 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 2 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Standard quantity of mat. used for actual output 36 Total labor variance 37 38 Total materials and labor variances 39 40 DIRVAR FORMULA1 FORMULA2 FORMULA4 FORMULA5 FORMULA6 FORMULA7 39,500 38,000 === $8.05 $8.00 44,000 45,600 FORMULA3 SELECT ONE Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE

A B 15 12 Materials quantity variance input 16 13 Actual quantity of materials used 17 14 18 15 19 16 Labor rate variance input 20 17 Actual cost of labor per hour 21 18 Standard cost of labor per hour 22 19 23 20 Labor efficiency variance input 24 21 Actual quantity of hours incurred 25 22 Standard quantity of hours for actual output 26 23 27 24 28 25 Answer Section: 29 26 30 27 31 28 Material price variance 29 Material quantity variance 30 31 Total materials variance 32 33 Labor rate variance 34 Labor efficiency variance 35 2 32 33 34 35 36 37 38 39 40 41 42 43 44 45 Standard quantity of mat. used for actual output 36 Total labor variance 37 38 Total materials and labor variances 39 40 DIRVAR FORMULA1 FORMULA2 FORMULA4 FORMULA5 FORMULA6 FORMULA7 39,500 38,000 === $8.05 $8.00 44,000 45,600 FORMULA3 SELECT ONE Indicate For U only SELECT ONE SELECT ONE SELECT ONE SELECT ONE SELECT ONE

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead

Section: Chapter Questions

Problem 23E: (Appendix) Calculating factory overhead: three variances Using the data given in E8-17, calculate...

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