Please Enter All Answers As Formulas Only!
Excel McGraw Hill Excel Question - Saved O Search (Alt + O) File Home Insert Draw Formulas Data Review View Help Editing AutoSum7 2 X Cut La Copy SI IX = = = === Calibri 11 - ' ' A A BUD obwOA 27 o Wrap Text Mergie & Center Clear Number $ % - Mc Graw Hill Open 0 Paste Insert Delete Format Format Painter Conditionel Format As Styles Formatting Table Tui Sort & Find & Filter Select Criting Clipboard Toni Wigmen Number Cells MHL Tool Undo C39 H 1 J K L M N P R B D L F 1 2 Perfect Partics, Inc. has several divisions. One division provides birthday parties at their facility 3 Each party sold provides entertainment, decorations, food, and party favors for 10 children. 4 The bookkeeper has prepared a report comparing actual results for the month of June to budgeted results. 5 6 Perfect Parties 7 Birthday Party Division Analysis of Revenues and Costs 8 For the Month Ended June 30 Planning Actual 9 Budget Results Variances 10 Number of parties 80 92 11 Revenue $36,000 $39,560 $3,560 F 12 Expenses: 13 Food costs 7,200 8,648 1,44 U 14 Party supplies 3.200 3,404 204 U 15 Party worker wakes 6,400 7,728 1,328 U 16 Administrative salaries 3,700 3,500 200 F 17 Equipment depreciation 1,200 1,200 O None 18 Rent 5,000 5,000 O None 19 Total expense 26,700 29.480 2,780 U 20 Net operating income $9,300 $10,080 $780 F 21 Food costs, party supplies, and party worker wages are variable costs. 22 Administrative salaries, equipment depreciation, and rent are fixed costs. 23 24 Required: 25 Prepare a new report for June using the flexible budget approach. 26 27 Enter all variances Enter all variances as nositive amounts leave no cells blank = A Graded Worksheet + Excel McGraw Hill Excel Question - Saved O Search (Alt + 0) File Home Insert Draw Formulas Data Review View Help Editing T Number TIX ULE X Cut LECopy Format Painter Paste Calibri 11 " BIUD DA Av 29 Wrap Text Merge & Center Insert Delete $ % % 98 99 FE Conditional Format As Styles Formatting Table Undo Clipboard Font Alignment Number Tables Cells C39 fx A B D D E F G H 1 J K L M M U 24 Required: 25 Prepare a new report for June using the flexible budget approach. 26 27 Enter all variances as positive amounts. Leave no cells blank. 28 (Use cells B10 to E20 from the given information to complete this question.) 29 30 Perfect Parties 31 Birthday Party Division Flexible Budget Performance Report 32 For the Month Ended June 30 Planning Activity Flexible Revenue and Spending Actual 33 Budget Variances Budget Variances Results 34 Number of parties 80 92 92 35 Revenues $36,000 $3,560 F $39,560 $39,560 36 Expenses: 37 Food costs 7,200 7,200 38 Party supplies 3,200 7,200 39 Party worker wages 6,400 40 Administrative salaries 3,700 41 Equipment depreciation 1,200 42 Rent 5,000 43 Total expense 26,700 44 Net operating income $9,300 45 46 47 48 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. 49 Nothing in this area will be graded, but it will be submitted with your assignment
