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: B D E $ 16.50 $

image text in transcribedimage text in transcribedimage text in transcribed

Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: B D E $ 16.50 $ 6.259 $ 10,400 A 1 Chapter 9: Applying Excel 2 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 $ 800 $ 0.209 $ 2,200 $ 600 + $ 0.80 9 $ $ $ 29,600 10,970 10,485 1,180 2,200 15 Utilities S 16 $ 17 Rent Miscellaneous $ 2,015 18 19 20 Planning budget activity Actual activity 1,700 meals served 1,800 meals served a. What is the activity variance for revenue? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)). a. What is the activity variance for revenue? (Indicate the effect of each varlance by selecting "F" for favorable "U" for unfavorable, and "None" for no effect (1.e., zero variance)). The amount of the activity variance for revenue $ 1,650 F 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 (1.e., zero variance)). The amount of the spending variance for the cost of ingredients F 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 (1.e., zero varlance)). The amount of the spending variance for wages and salaries F 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 (1.e., zero varlance)). The amount of the spending variance for total expenses F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Thomas Calculus Early Transcendentals

Authors: Joel R Hass, Christopher E Heil, Maurice D Weir

13th Edition

9780321884077

Students also viewed these Accounting questions