Question
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?
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)).
lation equired information B D E Chapter 9: Applying Excel $ Data Revenue Cost of ingredients Wages and salaries Utilities 16.509 6.259 $ $ 10,400 800 $ + $ 0.2014 Rent $ $ 2.200 600 Miscellancous + $ 0.809 S $ 3 Actual results: 1 Revenue 2 Cost of ingredients 3 Wages and salaries 4. Ublities 5 Rent Miscellaneous $ 29.365 10.955 10.235 1.210 2.200 $ $ $ 2.045 18 19 Planning budget activity Actual activity 1.700 meals served 1.800 meals served 20 What is the ectivity, variance for revenue (Indicate the effect of each variance by selectie ind "Nene" for no effectie. Eero variances)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started