Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E A Chapter 9: Applying Excel 1 N 3 Data 4 $ 16.50 a 6.25 9 5 $ Revenue Cost of ingredients Wages and salaries Utilities 6 $ 7 $ + $ 0.209 10,400 800 2,200 600 8 Rent $ 9 Miscellaneous $ + $ 0.80 9 S $ $ 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 29,165 11,285 10,465 1,180 2,200 2,045 $ S $ 1,700 meals served 1,800 meals served 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)). 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 (i.e., zero variance)). 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 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 wages and salaries 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 total expenses