Required information The Chapter 9 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B30 enter the formula = 820" Notes: In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS function in Excel. For example, the formula in cell C31 would be "-ABS(E31-B31)" Cells D31 through D39 and G31 through G39 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas into those cells-if you do, you will overwrite these formulas. After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text. cos Required information Required: 1. Check your worksheet by changing the revenue in cell D4 to $16.00; the cost of ingredients in cell D5 to $6.50; and the wages and salaries in cell B6 to $10,000. The activity variance for net operating income should now be $850 U and the spending variance for total expenses should be $410 U. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. download reference file Chapter 9 Applying_Excel_Student Form.xlsx upload a response file (15MB max). Choose File No file chosen save ! A Chapter 9: Applying Excel 3 Data 4 Revenue B C D $16.50 q 5 Cost of ingredients $6.25 q 6 Wages and salaries $10,400 7 Utilities $800 + $0.20 q 8 Rent $2,200 $600 + $0.80 q 9 Miscellaneous 10 11 Actual results: 12 Revenue $27,920 13 Cost of ingredients $11,110 14 Wages and salaries $10,130 15 Utilities $1,080 16 Rent $2,200 17 Miscellaneous $2,240 18 19 Planning budget activity 20 Actual activity 27 1,800 meals served 1,700 meals served Chapter 9 Form + bilita lovestigate LLI E Enter a formula into each of the cells marked with a ? below 3 Review Problem: Variance Analysis Using a Flexible Budget 4 25 Construct a flexible budget performance report 26 27 28 29 30 Meals served Revenue and Actual Spending Flexible Activity Results Variances Budget Variances Planning Budget ? ? ? ? ? ? ? ? ??????? ?????? ??????? ????? ? ? ? ? ? 31 Revenue 32 Expenses: 33 Cost of ingredients 34 Wages and salaries Utilities 35 36 Rent 37 Miscellaneous 38 Total expenses 39 Net operating income 40 41 ? ? ? ???? Chapter 9 Form