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Using Excel to Determine Overhead Variances Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area with mathematical formulas 5 In October, Pine Company was determining its overhead variance. Its 5 predetermined overhead rate is based on direct labor hours. The 7 following information was provided. in the input cells. In the last input field, input an IF function with cell references to your work area. $ 118,000 21,000 Manufacturing overhead costs incurred Actual direct labor hours Compute the amount of the total overhead variance and designate if the variance is favorable or unfavorable using Excel's IF function. Standard hours allowed for work done 20,600 2 Predetermined overhead rate 6.00 3 Actual overhead 4 Overhead applied 5 Total overhead variance 6 7 Nature of variance 8 9

Using Excel to Determine Overhead Variances Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area with mathematical formulas 5 In October, Pine Company was determining its overhead variance. Its 5 predetermined overhead rate is based on direct labor hours. The 7 following information was provided. in the input cells. In the last input field, input an IF function with cell references to your work area. $ 118,000 21,000 Manufacturing overhead costs incurred Actual direct labor hours Compute the amount of the total overhead variance and designate if the variance is favorable or unfavorable using Excel's IF function. Standard hours allowed for work done 20,600 2 Predetermined overhead rate 6.00 3 Actual overhead 4 Overhead applied 5 Total overhead variance 6 7 Nature of variance 8 9

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter9: Evaluating Variances From Standard Costs
Section: Chapter Questions
Problem 1PB: Direct materials and direct labor variance analysis Lenni Clothing Co. manufactures clothing in a...
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D F G H 1 Function: IF; Formula: Subtract, Multiply; CelI Referencing 3 Using Excel to Determine Overhead Variances Student Work Area 4 PROBLEM Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area with mathematical formulas 5 In October, Pine Company was determining its overhead variance. Its 6 predetermined overhead rate is based on direct labor hours. The 7 following information was provided. in the input cells. In the last input field, input an IF function with cell references to your work area. 8 $ 118,000 Manufacturing overhead costs incurred Actual direct labor hours 9 10 11 21.000 Compute the amount of the total overhead variance and designate if the variance is favorable or unfavorable using Excel's IF function. Standard hours allowed for work done 20,600 12 Predetermined overhead rate 2$ 6.00 13 Actual overhead 14 Overhead applied 15 16 17 18 19 Total overhead variance Nature of variance 20 21
Transcribed Image Text:D F G H 1 Function: IF; Formula: Subtract, Multiply; CelI Referencing 3 Using Excel to Determine Overhead Variances Student Work Area 4 PROBLEM Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area with mathematical formulas 5 In October, Pine Company was determining its overhead variance. Its 6 predetermined overhead rate is based on direct labor hours. The 7 following information was provided. in the input cells. In the last input field, input an IF function with cell references to your work area. 8 $ 118,000 Manufacturing overhead costs incurred Actual direct labor hours 9 10 11 21.000 Compute the amount of the total overhead variance and designate if the variance is favorable or unfavorable using Excel's IF function. Standard hours allowed for work done 20,600 12 Predetermined overhead rate 2$ 6.00 13 Actual overhead 14 Overhead applied 15 16 17 18 19 Total overhead variance Nature of variance 20 21
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