Hi need help with this assignment. I need the formulas that go into the yellow cells. I can't just input the answers it has to be the formulas. Thank you so much!
on #3 - Chapters 8 & 9 1 Saved Preparing a Performance Report - Excel 7 0 - 5 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Aa colors Width: Automatic Preparing a Performance Report using Excel's ABS, IF and SUM Functions A Fonts Height: Automatic hemes Effects Margins Orientation Size Print Breaks Background Print Area Scale : 1009% Sheet Arrange Options Themes Perfect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget Page Setup Scale to Fit results for the month of June. The Controller has asked you prepare the Birthday Party Division Budget Performance Report. Use the information M38 included in the Excel Simulation and the Excel functions described below to complete the task. 7 For the Month Ended June 30 Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "=E11" was entered, the formula would output the result from cell E11, or 80 in this example. Planning Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + Budget Actual Results Variances (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in 10 a blank cell "=[13+F13" was entered, the formula would add the values from those cells and output the result, or 75,560 in this example. If 11 Number of parties 80 using the other math symbols the appropriate answer for its function. 12 SUM function: Allows you to refer to multiple cells and adds all the values. You can add individual cell references or ranges to utilize this 13 Revenue 36,000 $ 39,560 3,560 F function. From the Excel Simulation below, if in a blank cell "=SUM(E16, E17,E18)" was entered, the formula would output the result of adding 14 Expenses those three separ if in a blank cell "=SUM(E16:E18)" was entered, the formula would output the Food costs 7,200 6,648 448 Party supplies 3,200 3,404 204 U same result of adding those cells, except they are expressed as a range in the formula, and the result would be 13,300 in this example. 17 p ABS function: Allows you to return the absolute value of a number or calculation. You can reference Party worker wages 6,400 7,728 1,328 0 y cell to display its absolute value, Administrative salaries 3 700 3.500 200 F or surround another for om the Excel Simulation below, you can Equipment depre 1 200 1 200 None see in cell H18 that the ABS function is being used, "=ABS(F18-E18)" which first calculates the subtraction of F18-E18 that results in -200. 20 Rent 5.000 5.000 None Then, the ABS portion of the formula returns the absolute value of the subtraction result, which would be 200 in this example. 21 Total expense 26,700 29.480 2.780 U IF function: Allows you to test a co m a spec s false. The syntax of 22 Net operating income 9,300 10,080 780 F the IF function is "=(F(test_condition.value_if_true,value_if_false)" and specific considerations need to be made when using this function. The 23 Food costs, party supplies and party worker wages are variable costs. test condition argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, less than, or equal to another 24 Administrative salaries, equipment depreciation and rent are fixed number or cell. The value_if_true and value_if_false arguments specific result for ea as another cell reference. 25 a value, or text. Throughout the entire equation, if text is being used in the test condition, value_if_true, or value_if_false arguments then 26 Prepare a new report for June using the flexible budget approach. the text itself should be entered in quotations so that Excel will recognize the text as a "string of text" instead of another function. From the 7 Enter all variances as positive amounts. If there is a variance, write an IF statements to indicate if it is F or U (using capital Excel Simulation below, if in a blank cell "=IF(E13>30000,"Revenue is good","Revenue is bad") was entered, the formula would output the letters). result of the value_if_true since the test_condition would be result as true, or in this case the text "Revenue is good". Excel processes the IF 28 If there is no variance, enter the word None. function by separating it out into separate parts. First the test_condition - Excel thinks, find cell E13 and determine if the value is greater 29 Perfect Parties than 30,000. Once Excel determines if the result of that test_condition is TRUE or FALSE, it will return the value_if_true or value_if_false 30 Birthday Party Division Flexible Budget Performance Report For the Month Ended June 30 X H . . 8 . : Preparing a Performance Report - Excel 7 0 - 6 FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 1 -A A % Paste IU - - - A - Alignment Number Conditional Format as C Cell Cells Editing Formatting - Table . Styles Clipboard Styles Al v I X Perfect Parties, Inc. has several divisions. One division provides birthday parties B D ference * For the Month Ended June 30 33 Planning Flexible Actual Budget Revenue and Activity Variances Budget Spending Variances Results 4 Number of parties S 36 Revenues 37 Expenses: Food costs Party supplies 40 P Party worker wag Administrative salaries 42 Equipment depreciation 43 Rent 14 Total expense Net operating income 46 47 49 1 .. Sheet 1 ... + READY # 8 4 - 1 + 49%
