CH 9 Peing a retomance Report FORMODAS DATA REVIEW VIEW FILE HOME PAGE LAYOUT INSERT M Cots Editing Paste Canon 96 BTU EA Alignment Number Conditional Formatas Cell Formatting Table Styles Font Clipboard H34 A B c D E G H 1 Perfect Parties, Inc. has several divisions. One division provides birthday parties at their facility 2 Each party sold provides entertainment decorations, food, and party favors for 10 children 3. The bookkeeper has prepared a report comparing actual results for the month of June to budgeted results. 4 5 Perfect Parties 6 Birthday Party Division Analysis of Revenues and Costs 7 For the Month Ended June 30 8 Planning 9 Budget Actual Results Variances 10 11 Number of parties 80 92 12 13 Revenue $ 36,000 S 39.560 $ 3.560 F 14 Expenses 15 Food costs 17,200 8,648 1,448 U 16 Party supplies 3,200 3,404 204 U 17 Party worker wages 6,400 7,728 1,328 18 Administrative salaries 3,700 3,500 200 19 Equipment depreciation 1,200 1,200 None 20 Rent 5.000 5.000 None 21 Total expense 26,700 29,480 2.780 U 22 Net operating income S 9.3005 100RO 5 780 23. food costs. Darty Supplies and carry worker wases are variable costs Sheet1 READY Attempt(s) 3/3 100% Hint Prey 1 ott Next o O O II e to search de *** Maps News chap 12 energy exp- Seved 9 PIERRE CALE FORMULAS DATA REVIEW VIEW Son FILE HOME INSERT PAGE LAYOUT M 26 Calibri 96 AA Editing Paste BIU Alignment Number Conditional Formats Cell Formatting Table Styles Styles Font . Clipboard 111 B C D 3,700 A K G F H 16 Party Supplies 3,200 3,404 204 U 17 Party worker wages 6,400 7,728 1,328 U 18 Administrative salaries 3,500 200 F 19 Equipment depreciation 1.200 1.200 None 20 Rent 5,000 5,000 None 21 Total expense 26,700 29,480 2,780 U 22 Net operating income $ 9,300 $ 10,080 S 780 F 23. Food costs, party supplies and party worker wages are variable costs. 24 Administrative salaries, equipment depreciation and rent are fixed costs 25 26 Prepare a new report for June using the flexible budget approach 27 Enter all variances as positive amounts. If there is a variance, write an IF statements to indicate if it is For U (using capital letters) 28 if there is no variance, enter the word None. 29 Perfect Parties 30 Birthday Party Division Flexible Budget Performance Report 31 For the Month Ended June 30 32 33 Planning Budget 80 Flexible Budget Actual Results Revenue and Spending Variances Activity Variances 34 Number of parties 35 36 Revenues 17 Eventos Sheet1 100% READY Attempt(s) Prey 1 of 1 !!! Next M search O O E concom Maps News chap 12 eneroy xp Sound REVIEW VIEW DATA FORMULAS FILE HOME INSERT PAGE LAYOUT M AA -Cells Editing Paste A 96 Alignment Number Conditional Formatas Cell Formatting Table Style Style Clipboard Font 311 fo - Actua Results 6 D H B 28 if there is no variance, enter the word None. 29 Perfect Parties 30 Birthday Party Division Flexible Budget Performance Report 31 For the Month Ended June 30 32 Planning Flexible Revenue and 33 Budget Activity Variances Budget Spending Variances 34 Number of parties 80 35 36 Revenues 37 Expenses: 38 Food costs 39 Party Supplies 40 Party worker wages 41 Administrative salaries 42 Equipment depreciation 43 Rent 44 Total expense 45 Net operating income 46 47 48 49 Sheet1 READY Attempt(s) Pray 1 of 1 Next 0 carch OEI