must be enterd as formula
no 00 A1 X fe Perfect Parties, Inc. has several divisions. One division provides birthday parties B C D F G H I J K 1 Perfect Palties, 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 Perfect Parties Birthday Party Division Analysis of Revenues and Costs 7 For the Month Ended June 30 8 Planning 9 Budget Actual Results Variances 10 Il Number of parties 80 92 12 13 Revenue $ 36,000 $ 39,560 $ 3,560 F 14 Expenses: 15 Food costs 7,200 8,648 1,448 U 16 Party supplies 3,200 3,404 204 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 Nonc 20 Rent 5,000 5,000 None 21 Total expense 26,700 29,480 2,780 U 22 Net operating income 9,300 $ 10,080 780 F 23 Food costs, party supplies and party worker waees are variable costs. Sheet 1 READY LI + 100% ONE Styles A1 X Perfect Parties, Inc. has several divisions. One division provides birthday parties B E F G H 1 J K D 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 Bexible 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 30 Birthday Party Division Flexible Budget Performance Report 31 For the Month Ended June 30 29 32 33 Planning Budget Flexible Budget Revenue and Spending Variances Actual Results Activity Variances 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 Sheet1 + A B Perfect Parties, Inc. has several divisions. One division provides birthday parties D B H K Birthday Party Division Flexible Budget Performance Report For the Month Ended June 30 F G I 30 31 32 Book 33 Planning Budget Flexible Revenue and Budget Spending Variances Activity Variances Actual Results Print orences 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 145 Net operating income 46 Sheet1 100 READY Attempt(s)
