● 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 .