Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi this is all one question below! thanks in advance Required information Revise the data in your worksheet to reflect the results for the subsequent

Hi this is all one question below! thanks in advance image text in transcribed
image text in transcribed
image text in transcribed
Required information Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E 1 Chapter 9: Applying Excel N 3 Data $ 16.50 6.25 $ $ + $ 0.20 $ $ 10,400 800 2,200 600 $ + $ 0.80 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 16 Rent 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity $ $ $ $ 29,840 11,485 10,355 1,190 2,200 2.015 $ $ 1,700 meals served 1,800 meals served Proy 1 of 16 Next > 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 "P" for favorable, "U" for unfavorable, and "None" for no effect (1.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 (.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 (e., zero variance)). The amount of the spending variance for to expenses 1 of 16 H Next >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Costing And Management

Authors: Riad Izhar, Janet Hontoir

2nd Edition

9780198328230

More Books

Students also viewed these Accounting questions

Question

describe antecedents and consequences of quantitative job demands;

Answered: 1 week ago

Question

Understand a department managers role in locating job candidates

Answered: 1 week ago