All of the following questions are the same question just different parts. The data above can be used to answer the questions.

a. What is the activity variance for revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

b. What is the spending variance for the cost of ingredients? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

c. What is spending variance for wages and salaries? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

d. What is spending variance for total expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent 9 Miscellaneous 10 11 Actual results: 12Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16Rent 17Miscellaneous 18 19 Planning budget activity 20 Actual activity $ 16.50 q $6.25 q $ 10,400 800 2,200 600 0.20 q 0.80 q $30,265 $ 11050 $ 10,480 $1,145 $ 2,200 $ 1,995 1,700 meals served 1,800 meals served