Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B C. D E 2 3 4 5 A 1 Chapter 9: Applying Excel 2 3 Data Revenue 5 Cost of ingredients 6 Wages and salaries 7 Utilities $ $ $ 16.50 9 6.25 a $ $ $ 10,400 800 + $ 0.2019 2,200 600 S $ 0.809 $ 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 en la $ 29,820 11.130 10,475 1,185 2,200 2,015 $ $ 1,700 meals served 1,800 meals served 2 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... zero variance)). The amount of the activity variance for revenue 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 (.e., zero variance) The amount of the spending variance for the cost of ingredients 14 2 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 (.e., zero variance) The amount of the spending variance for wages and salaries $ of None aces 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)). The amount of the spending variance for tol expensen $ 725 F Rent Miscellaneous $2,200 $600 + $0.80 9 Actual results: Revenue Cost of ingredients Nages and salaries Utilities Rent Miscellaneous $29,820 $11,130 $10,475 $1,185 $2,200 $2,015 Planning budget activity Actual activity 1,700 meals served 1,800 meals served Enter a formula into each of the cells marked with a ? below Review Problem: Variance Analysis Using a Flexible Budget Flexible Activity Budget Variances 1,800 $ 29.700 $ 120 U Planning Budget 1,800 $29.820 5 Construct Alexible budget performance report 6 Revenue 7 and Actual Spending 9 Results Variances o Veals served 1,700 11 Revenue $28,050 $ 1,650 U 32 Expenses 33 Cost of ingredients 10,625 625 F 34 Wages and salaries 10,400 35 Utilities 1,140 20 F 36 Rent 2,200 37 Miscellaneous 1,960 80 F 38 Total expenses 26,325 725 F 39 Net operating Income $1,725 s 925 U 40 41 42 43 44 11,130 U 75 F 25 F 11,250 10,400 1,160 2,200 2,040 27.050 $ 2,650 $ . $11,130 $10,475 $1,185 $2,200 $2.015 $27,005 $2,815 25 U 45 U 165 U 46 47
