please use formulas and/or cell references for the yellow cells will be very appreciated.

please use formulas and/or cell references for the yellow cells will be very appreciated.

please use formulas and/or cell references for the yellow cells will be very appreciated.

please use formulas and/or cell references for the yellow cells will be very appreciated.

please use formulas and/or cell references for the yellow cells will be very appreciated.

please use formulas and/or cell references for the yellow cells will be very appreciated.

E F G H I J Name 1 Tracey Excel 2 Flexible Budget 4 The Tracey Company produces a karate robe. For the month of May, the company had the following 5 information for their flexible budget: 6 7 Actual number of robes produced 2,000 robes 8 9 Direct material cost per robe $18.20 2.8 yards @ $6.50 per yard 10 11 Direc labor cost per robe $3.60 0.4 hours @ $9 per hour 12 13 Variable overhead cost per robe $1.20 0.4 hours @ $3 per hour 14 15 Required: 16 (1) Complete the flexible budget in column 3 below. Yellow cells must be a formula or cell reference. 17 18 (2) Complete the report below, indicating the spending variances and whether the variance is 19 Unfavorable (type in U) or Favorable (type in F). Variances should be shown as a postive number so 20 use the =ABS() in your formulas for column D. 21 22 You may type in U or F in column G. 23 Actual Results Spending Variance Flexible Budget U/F 25 $36,000.00 Try Again! Try Again! Try Again! 26 Direct materials 27 28 Direct labor $7,600.00 Try Again! Try Again! Try Again! 29 $3,800.00 Try Again! Try Again! Try Again! 30 Variable overhead 31 33 Sheet1