Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please use and show cell references and formulas!! Thank You? exible Budget Pertormance Report Name 2 3 Data 4 Revenue 5 Cost of ingredients 6
Please use and show cell references and formulas!! Thank You?
exible Budget Pertormance Report Name 2 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent $16.50 q $10,400 $800 $2,200 $600 $6.25 q $0.20 q $0.80 9 Miscellaneous 10 11 Actual results 12 Revenue 13 Cost of ingredients 14 Wages and salaries $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 15 Utilities 16 Rent 17 Miscellaneous 18 19Planning budget activity 20 Actual activity 1,800 meals served 1,700 meals served 21 22 Enter a formula into each of the cells marked with a? below 23 The variances should be positive numbers so use ABS() in 24 25 be -ABS(E34-B34) 26 27 Review Problem: Variance Analysis Using a Flexible Budget 28 29 Construct a flexible budget performance report 30 31 32 your formula. For example, the formula for cell C34 should Revenue and ActualSpending Results Variances FlexibleActivity Budget Variances Planning Budget 34 Meals served 35 Revenue 36 Expenses 37 Cost of ingredients 38Wages and salaries 39 Utilities 40 Rent 41 42 Total expenses 43 Net operating income Miscellaneous 45 46 47 48Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started