Chapter 9: Applying Excel
Data
Revenue			$16.50	q
Cost of ingredients			$6.25	q
Wages and salaries	$10,400
Utilities	$800	+	$0.20	q
Rent	$2,200
Miscellaneous	$600	+	$0.80	q
Actual results:
Revenue	$27,920
Cost of ingredients	$11,110
Wages and salaries	$10,130
Utilities	$1,080
Rent	$2,200
Miscellaneous	$2,240
Planning budget activity	1,800	meals served
Actual activity	1,700	meals served
Enter a formula into each of the cells marked with a ? below
Review Problem: Variance Analysis Using a Flexible Budget
Construct a flexible budget performance report
		Revenue
		and
	Actual	Spending		Flexible	Activity		Planning
	Results	Variances		Budget	Variances		Budget
Meals served	?			?			?
Revenue	?	?		?	?		?
Expenses:
Cost of ingredients	?	?		?	?		?
Wages and salaries	?	?		?	?		?
Utilities	?	?		?	?		?
Rent	?	?		?	?		?
Miscellaneous	?	?		?	?		?
Total expenses	?	?		?	?		?
Net operating income	?	?		?	?		?