Cells with a "?" need formulas.
A C D E P G H J Chapter 9: Appl yi ng Excel 1 2 3 Data $16.50 q $6.25 q 4 Revenue Cost of ingredients Wages and salaries 5 $10,400 $800 $2,200 6 $0.20 q 7 Utilities 8 Rent 9 Miscellaneous $600 $0.80 q + 10 Actual res ults 11 $27,920 $11,110 $10,130 $1,080 $2,200 12 Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16 Rent $2,240 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity 1,800 meals served 1,700 meals served 21 22 Enter a formula into each of the cells marked with a? below 23 Review Problem: Variance Analysis Using a Flexible Budget 24 25 Construct a flexible budget performance report 26 Revenue 27 and Spending 28 Actual Flexible Activity Planning Budget Results 29 Budget Variances Variances 30 Meals served ? 31 Revenue ? ? 32 Expenses: Cost of ingredients 33 ? ? ? ? 34 ? Wages and salaries ? ? 35 Utilities ? 7 ? 36 Rent ? ? ? 37 ? Miscellaneous ? 38 Total expenses 39 Net operating income 2 ? ? ? 40 Ter 9 Applying Excel (A) Saved 2 Requirement 2: Povise the data in your worksheet to reflect the results for the subsequent period as shown below: A C D E Part 2 of 2 Chapter 9: Applying Excel 1 10 Data points 4 Revenue Cost of ingredients 6Wages and salaries 16.50 q $ 6.25 q $10,400 0.20 q $ Utilities 800 + eBook Rent 2,200 9 Miscellaneous 600 0.80 q 10 Print 11 Actual results: 12 Revenue 13 Cost of ingredients $29,460 $ 11,540 $10,595 $ 1,145 $ 2,200 $ 2,065 Reference |14 Wages and salaries Utilities 15 Rent 16 Miscellaneous 17 18 1,700 meals served 19 Planning budget activity 20 Actual activity 1,800 meals served 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)). The amount of the activity variance for revenue 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)). The amount of the spending variance for the Cost of ingredients 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)). The amount of the spending variance for the cost of ingredients 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)). The amount of the spending variance for wages and salaries 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)). The amount of the spending variance for total expenses 1 Required information 10 The Chapter 9 Form worksheet is to be used to create your own worksheet version of the Review Problem points example in the text. Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: ok A B C D Print Chapter 9: Applying Excel 1 Reference Data Revenue 16.50 q $ 6.25 q 4 Cost of ingredients 5 Wages and salaries 6 Utilities $ 10,400 0.20 q $ 800 7 Rent $ 2,200 8 Miscellaneous 0.80 q 600 9 10 Actual results: 11 Revenue Cost of ingredients $ 29,845 $11,185 12 Wages and salaries 13 Utilities 14 Rent 15 Miscellaneous 10,395 1,135 2,200 $ 2.035 16 meals 1.700 served 17 Planning budget activity 18 meals 1,800 served 19 Actual activity 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)). The amount of the activity variance for revenue 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). The amount of the spending variance for the cost of ingredients 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)). The amount of the spending variance for wages and salaries 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)). The amount of the spending variance for total expenses
