Resources' requirements, standard pounds per unit Resources' standard price, per pound Units produced Resources used for production, pounds Resources' actual price, per pound 2.5 $3.35 15,000 36,900 $3.55 Using formulas and cell references, perform the required analysis, and input your an Amount column. Select the corresponding type of variance in the dropdowns in cells results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for Amount Favorable or Unfavorable a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance Favorable or Unfavorable Favorable or Unfavorable

Question
Resources' requirements, standard pounds per unit
Resources' standard price, per pound
Units produced
Resources used for production, pounds
Resources' actual price, per pound
2.5
$3.35
15,000
36,900
$3.55
Using formulas and cell references, perform the required analysis, and input your an
Amount column. Select the corresponding type of variance in the dropdowns in cells
results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for
Amount
Favorable or Unfavorable
a. Direct materials price variance
b. Direct materials quantity variance
c. Direct materials cost variance
Favorable or Unfavorable
Favorable or Unfavorable
Expand
Transcribed Image Text

Resources' requirements, standard pounds per unit Resources' standard price, per pound Units produced Resources used for production, pounds Resources' actual price, per pound 2.5 $3.35 15,000 36,900 $3.55 Using formulas and cell references, perform the required analysis, and input your an Amount column. Select the corresponding type of variance in the dropdowns in cells results for the green entry cells (C15:C17) into the appropriate fields in CNOWV2 for Amount Favorable or Unfavorable a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance Favorable or Unfavorable Favorable or Unfavorable

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