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.

Requirement 2:

Revise the data in your worksheet to reflect the results for the subsequent period as shown below:

a. What is the activity variance for revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

b. What is the spending variance for the cost of ingredients? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

c. What is spending variance for wages and salaries? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

d. What is spending variance for total expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)).

Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E Chapter 9: Applying Excel 1 N $ 16.50 9 6.25 9 $ $ + $ 0.209 10,400 800 2,200 600 $ $ + $ 0.80 9 3 Data 4 Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities 8 Rent 9 Miscellaneous 10 11 Actual results: 12 Revenue 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16 Rent 17 Miscellaneous 18 19 Planning budget activity 20 Actual activity $ $ $ | | | | | 29,350 11,265 10,390 1,180 2,200 2,060 $ $ $ 1,700 meals served 1,800 meals served