I need help with the equations for this excel assignment.

Perfect Porties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actual and planning budget results for the month of June. The Controller has asked you prepare the Birthday Party Division Budget Performance Report. Use the information Included in the Excel Simulation and the Excel functions described below to complete the task, Cell Reference: Allows you to refer to data from another cell in the worksheet from the Excel Simulation below, if in a blank celt, neml" was entered the formula would output the result from cell E11, or 80 in this example, Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add) - (minus sign to subtract) " (osterisk sign to multiply), and forward slash to divide) From the Excel Simulation below, if in 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 using the other math symbols the result would output an appropriate answer for its function 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 function. From the Excel Simulation below, if in a blank cellSUME 16,E17E18)" was entered the formula would output the result of adding those three separate cells, or 13,300 in this example Simlarly, if in a blank cellSUME16.E18) was entered the formula would output the same result of adding those cells, except they are expressed as a range in the formulo and the result would be 13,300 in this example ABS function: Allows you to return the absolute value of a number or calculation. You can reference any cell to display its absolute value or surround another formula with the ABS function, to return the final result as an absolute value. From the Excel Simulation below. You can see in cel H18 that the ABS function is being used. **ABS(F18-E16) which first calculates the subtraction of F18-E18 that results in-200 Then, the ABS portion of the formulareturns the absolute value of the subtraction result, which would be 200 in this example IF function Allows you to test a condition and return a specific value is the result is true and different value if the result is false. The syntax of the IF function is IF/test.condition value_true valueillelse and specific considerations need to be made when using this function. The test.condition argument is an evaluation of the status of ocell, such as if the value of a cell is greater than less than or equal to another number or cell. The value...true and value false arguments will return any specific result for each option, such as another cell reference value, or text Throughout the entire equation, if text is being used in the rest.condition value...true, or value__false arguments then 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 Prev 1 of 1 !!! Next B 1 K E G 1 Perfect Patties, Inc. has several divisions. One division provides birthday parties at their facility. 2 Each party sold provides entertainment, decorations, food, and party favors for 10 children. 3. The bookkeeper has prepared a report comparing actual results for the month of June to budgeted results. 4 5 6 7 8 Perfect Parties Birthday Party Division Analysis of Revenues and Costs For the Month Ended June 30 9 Planning Budget Actual Results Variances 10 11 Number of parties 12 80 92 $ 36,000 $ 39,560 $ 3,560 F 13 Revenue 14 Expenses 15 Food costs 16 Party supplies 7,200 3,200 8,648 3,404 1,448 U 204 U 17 Party worker wages 6,400 7.728 1,328 U 18 Administrative salaries 3,700 3,500 200 F 19 Equipment depreciation 1,200 1,200 None 20 Rent 5,000 5,000 None 21 Total expense 26,700 29,480 2,780 0 22 Net operating income 9,300 $ 10,080 $ 780 F 23 Food costs, party supplies and party worker wages are variable costs. 24 Administrative salaries, equipment depreciation and rent are fixed costs. 25 26 Prepare a new report for June using the flexible budget approach. 27 Enter all variances as positive amounts. If there is a variance, write an IF statements to indicate if it is For U(using capital letters) 28 if there is no variance, enter the word None. Perfect Parties Birthday Party Division Flexible Budget Performance Report For the Month Ended June 30 29 30 31 32 33 Planning Budget 80 Activity Variances Flexible Budget 92 Revenue and Spending Variances Actual Results 92 34 Number of parties 35 36 Revenues 37 Expenses: 36,000 32 Planning Budget 80 Revenue and Spending Variances 33 Flexible Budget 92 Actual Results 92 Activity Variances $ 36,000 34 Number of parties 35 36 Revenues 37 Expenses: 38 Food costs 39 Party supplies 40 Party worker wages 41 Administrative salaries 42 Equipment depreciation 43 Rent 44 Total expense 45 Net operating income 46 47 48 49 7,200 3,200 6,400 3,700 1,200 5,000 26,700 9.300 $ Sheet1 100% READY Attempt(s) Hint