Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 9 Applying Excel (A) (i) Saved 2 Requirement 2 Revise the data in your worksheet to reflect the results for the subsequent period as
Chapter 9 Applying Excel (A) (i) Saved 2 Requirement 2 Revise the data in your worksheet to reflect the results for the subsequent period as shown below A B C D E Part 2 of 2 Chapter 9: Applying Excel 1 Data 10 4 Revenue S 16.50 q points Cost of ingredients 6.25 q S Wages and salaries 6 $ 10,400 eBook Utilities 0.20 q $ 800 S + Print Rent 8 $ 2,200 References 600 0.80 q Miscellaneous S + 10 11 Actual results: 12 Revenue 29,845 13 Cost of ingredients 11,315 14 Wages and salaries $ 10,510 15 Utilities $ 1,175 16 Rent 2,200 17 Miscellaneous $ 2.015 18 19 Planning budget activity 1,700 meals served 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 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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started