I can't get my Excel formulas correct. I included all of the questions to help clarify but I only need help with Excel file formulas.

Fixed Actors' and directors' wages Stagehands wages Ticket booth personnel and ushers' wages Scenery, costumes, and props Theater hall rent Printed programs Publicity Administrative expenses Cost Formulas Per Per Production Performance $2,400 $ 450 $ 180 $8,600 $ 750 $ 175 $2,600 $1,296 $ 72 $32,400 By the end of the year, The Munchkin Theater actually put on four productions and a total of 64 performances. The actual expenses incurred during the year were as follows: Actors and directors' wages Stagehands' wages Ticket booth personal and ushers' wages Scenery, costumes, and props Theater hall rent Printed programs Publicity Administrative expenses Total $159,200 28,600 12,300 39,300 49,600 10,950 12,000 41,650 $353,600 Excel Analytics 09-01 (Static) Part 1 Required: 1. Go to the "Planning Budget" tab within your template. Prepare the planning budget in column E of the spreadsheet using the following three-step process. a. Create a formula for actors' and directors' wages in cell E10. Make sure your formula is designed so that you can copy and paste it into cells E11 through E17. What is the total amount of actors' and directors' wages in your planning budget? b. Copy your formula from cell E10 into cells E11 through E17. What is the total amount of administrative expenses in your planning budget (cell E17)? c. Use the AutoSum feature to calculate the total amount of expenses in your planning budget (cell E18). What is the total amount? 2. Go to the "Performance Report" tab within the Excel template for the remainder of the requirements. Prepare a flexible budget in column H of the spreadsheet using the following three-step process. a. Create a formula for actors' and directors' wages in cell H10. Make sure your formula is designed so that you can copy and paste it into cells H11 through H17. What is the total amount of actors' and directors' wages in your flexible budget? b. Copy your formula from cell H10 into cells H11 through H17. What is the total amount of administrative expenses in your flexible budget (cell H17)? c. Use the AutoSum feature to calculate the total amount of expenses in your flexible budget (cell H18). What is this total amount? 3. Calculate the amount of the spending variances in column Fusing the following five-step process (Do not worry about labeling the variances as U or Fat this point): a. Create a formula for the actors' and directors' wages spending variance in cell M10. What is the amount of the spending variance for actors' and directors' wages? b. Copy your formula from cell M10 into cells M11 through M17. What is the amount of the spending variance for administrative expenses (cell M17)? c. Use the AutoSum feature to calculate the total spending variance in cell M18. What is the total spending variance? d. Using the Absolute Value function, input the absolute values of the amounts in cells M10 through M18 into cells F10 through F18. e. Hide column M. 4. Insert a favorable (F) or unfavorable (U) label in column G for each spending variance shown in column Fusing the following two-step process: a. Create an IF-THEN statement in cell G10 that properly labels the actors' and directors' wages spending variance as favorable or unfavorable. (Hint: Your If-Then statement should be focused on the amounts in cells H10 and E10.) What label appears for this variance, F or U? b. Copy your IF-THEN statement from cell G10 into cells G11 through G18. What label appears for the administrative expense spending variance, For U? 5. Calculate the amount of the activity variances in column I using the following five-step process (Do not worry about labeling the variances as U or F at this point): a. Create a formula for the actors and directors' wages activity variance in cell N10. What is the amount of the activity variance for actors' and directors' wages? b. Copy your formula from cell N10 into cells N11 through N17. What is the amount of the activity variance for administrative expenses (cell N17)? c. Use the AutoSum feature to calculate the total activity variance in cell N18. What is the total activity variance? d. Using the Absolute Value function, input the absolute values of the amounts in cells N10 through N18 into cells 110 through 118. e. Hide column N. 6. Insert a favorable (F) or unfavorable (U) label in column J for each activity variance shown in column I using the following two-step process: a. Create an IF-THEN statement in cell J10 that properly labels the actors' and directors' wages activity variance as favorable or unfavorable. (Hint: Your If-Then statement should be focused on the amounts in cells K10 and 110.) What label appears for this variance, For U? b. Copy your IF-THEN statement from cell J10 into cells J11 through J18. What label appears for the administrative expense activity variance, For U? 7. The activity variances in column I are influenced by two cost drivers-number of productions and number of performances. Therefore: a. In cell 121 create a formula that quantifies the portion of the overall activity variance that is caused solely by the fact that The Munchkin Theatre actually put on four productions instead of the planned number of five productions. What is the amount in cell 121? b. In cell 122 create a formula that quantifies the portion of the overall activity variance that is caused solely by the fact that The Munchkin Theatre actually put on 64 performances instead of the planned number of 60 performances. What is the amount in cell 122? c. Create IF-THEN statements in cells J21 and J22 that properly label your variances in cells 121 and 122 as favorable (F) or unfavorable (U). 8. Using Conditional Formatting, highlight all spending variances that varied by an absolute value of $1,000 or more. How many of the spending variances are highlighted? A B D E F. G 1 2 The Munchkin Theater Planning Budget For the Year Ended December 31 3 4 5 Planning Budget 5 6 Number of productions (91) 7 Number of performances(92) 60 8 Fixe 9 10 Actors' and directors' wages 11 Stagehands' wages 12 Ticket booth personnel and ushers' wages 13 Scenery, costumes, and props 14 Theater hall rent 15 Printed programs 16 Publicity 17 Administrative expenses Cost Formulas Per Per oduction Performance $ 2,400 $ 450 $ 180 8,600 $ 750 $ 175 2,600 1,296 $ 72 $ $ $ $ 32,400 18 Total $ 12,496 $ 4,027 32,400 19 20 21 22 A B D E F G H K L 1 2 The Munchkin Theater Flexible Budget Performance Report For the Year Ended December 31 3 4 Actual Results Spending Variances Flexible Budget Activity Variances Planning Budget 5 4 4 5 6 Number of productions (q) 7 Number of performances(92) 8 64 64 60 Cost Formulas Fixed 9 10 Actors' and directors' wages 11 Stagehands' wages 12 Ticket booth personnel and ushers' wages 13 Scenery, costumes, and props 14 Theater hall rent 15 Printed programs 16 Publicity 17 Administrative expenses 18 Total Per Per Production Performance $ 2,400 $ 450 180 $ 8,600 $ 750 $ 175 $ 2,600 $ 1,296 $ 72 $ $ 12,496 $ 4,027 $ $ $ $ $ $ 159,200 28,600 12,300 39,300 49,600 10,950 12,000 41,650 353,600 $ $ $ $ $ $ $ $ $ $ 32,400 $ 32,400 $ $ 19 20 21 Activity Variances: By Cost Driver Portion due to number of productions Portion due to number of performances 22 23 24