Chapter 9 Applying Excel (A) Saved Help Save & Exit Submit 1 Required information The Chapter 9 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Part 1 of 2 Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B30 enter the formula" B20" Notes: Skippec cRook Printn thetext, variances are always displayed as positive numbers. To accomplish this, you can use the ABSO function in Excel. For example, the formula Referencesin cell C31 would be"-ABS(E31-831) Cells D31 through D39 and G31 through G39 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas into those cells-if you do, you will overwrite these formulas. After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text Check your worksheet by changing the revenue in cell D4 to $16.00; the cost of ingredients in cell D5 to $6.50; and the wages and salaries in cell 86 to $10,000. The activity variance for net operating income should now be $850 U and the spending variance for total expenses should be $410 U. If you do not get these answers, find the errors in your worksheet and correct them Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2 Chapter_9_Applying_Excel_ Home InsertPage Layout Formulas Data Review View Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates 028 1 Chapter 9:Applying Excel 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent 9 Miscellaneous 10 11 Actual results: 12 Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16Rent 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity 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 27 28 29 30 Meals served 31 Revenue 32 Expenses 33 Cost of ingredients 34 Wages and salaries 35 Utilities 36 Rent 37 Miscellaneous 38 Total expenses 39 Net operating income 40 41 42 $16.50 q $6.25 q $0.20 q $0.80 q $10,400 $800 $2,200 $600 $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 1,800 meals served 1,700 meals served Revenue and Spending Actual Results Variances Flexible Activity Budget Variances Planning Budget
