● Start with the Labor and Materials variance tab.
● Standard costs / quantities come from raw materials budget and the labor budget.
● Use Exhibits 23-11 on page 1416 and 23-12 on page 1419 as guides.
● After completing the Labor and Materials variance tab, transfer variances to Budget Variance Report tab.
Congratulations! You have completed the workbook portion of your Final Project Part I. To complete the discussion portion of Final Project Part I, complete the Final Project Part I Student Discussion document.