Practice the following:
Be sure to format your answers to two decimals, comma style no decimals and percentages when appropriate.
				ABS	IF
	A	Standard Cost	Actual Cost	Variance	Fav/UnFav
		$ 10.25	$ 9.00
		8.00	8.50
		9.15	7.00
		10.00	11.01
		25.00	24.99
		13.25	13.27
		10.99	11.27
	B	Budget	Actual	Variance $	Variance %
		$ 100,000	$ 120,000
		250,000	250,000
		1,250,000	1,175,000
		5,000,000	499,999
		20,000	23,750
		55,000	52,750
		110	109
	Total
			Amount per		Standard		Standard		Standard		Standard Cost
	Ingredient	gallon		Waste		Usage		Price		per Gallon
	Grape concentrate		65	oz	5%			oz	$0.07
	Sugar		1.1	lb	9%			lb	0.35
	Lemons		2		50%				0.61
	Yeast		1	tablet	0%				0.27
	Nutrient		1	tablet	0%				0.21
	Water		1	oz	0%				0.005
							Standard cost per gallon