5 Orice per pa 10 Revenue (Price per para 11 cost of ingredients per pizza 12 Wages rabe per hour) IR) 1 Salaries 1 14 Utilities cost ) 15 Rent monthly amount 16 Miscellaneous monthly amount 18 Planning budget activity for April 19 planning budget activity for April 20 Actual activity for April 21 Actual activity for April 3150 pas 23 Enter a formula into each of the cells marked with a Below. NOTE: FORMULAS START WITH 24 EXAMPLES OF FORMULAS ARE PROVIDED IN CELLS BIL. 32 AND C e ll number will appear once you have entered data for 25 Construct a flexible budget performance report 25 indicate if the variances are favorable in unfavorable or none in columns and Revenue 2 Spending Variances Results Flexible Activity Budget Variances 31 Pizzas served 35 Expenses 36 Cost of ingredients 12,000 Salaries 39 Utilities 40 Rent 41 Miscellaneous Total Expenses 4 Net operating income 1,000 200) Budgeting Flexible performance report Variance analysis Decision Making Tools