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 A Chapter 9: Applying Excel 1 2 3 Data 4 $ 16.509 5 $ 6.259 6 $ Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous ] ] 10,400 800 $ + $ 0.2019 7 $ 2,200 8 $ 600 + $ 0.809 9 10 11 $ 12 Actual results: Revenue Cost of ingredients Wages and salaries $ 13 $ 29,180 11,140 10,275 1,200 2,200 2,060 14 Utilities 15 Rent $ $ $ 16 Miscellaneous 17 18 Planning budget activity 19 Actual activity 1,700 meals served 1,800 meals served 20