Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B C D E

image text in transcribed

Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B C D E 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue $ 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 9 Miscellaneous $ 600 + $ 0.80 q 10 11 Actual results: Revenue $ 30,230 12 Cost of ingredients $ 11,235 13 Wages and salaries $ 10,445 14 Utilities $ 1,195 15 Rent $ 2,200 16 Miscellaneous $ 2,000 17 18 Planning budget activity 19 Actual activity 1,700 meals served 1,800 meals served 20 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 (l.e., zero varlance)). The amount of the activity variance for revenue b. What is the spending variance for the cost of ingredients? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)). The amount of the spending variance for the cost of ingredients c. What is spending variance for wages and salaries? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)). The amount of the spending variance for wages and salaries d. What is spending variance for total expenses? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance)). The amount of the spending variance for total expenses

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Stacey Whitecotton, Robert Libby, Fred Phillips

2nd edition

9780077493677, 78025516, 77493672, 9780077826482, 978-0078025518

More Books

Students also viewed these Accounting questions

Question

Describe commonly used appraisal methods.

Answered: 1 week ago

Question

Discuss the role of employee counseling in the appraisal process.

Answered: 1 week ago