Solve in cell/sum functions Example: =B1-B2

c D E F G H K L . 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue $16.50 G 5 Cost of ingredients $6.25 6 Wages and salaries $10,400 7 Utilities $800 $0.20 8 Rent $2,200 9 Miscellaneous $600 $0.80 9 10 11 Actual results 12 Revenue $27.920 13 Cost of ingredients $11,110 14 Wages and salaries $10,130 15 Utilities $1,080 16 Rent $2,200 17 Miscellaneous $2,240 18 19 Planning budget activity 1.800 meals served 20 Actual activity 1,700 meals served 21 22 Entera fomuter into each of the cells marked with a 7 below 23 Review Problem: Variance Analysis Using a Flexible Budget 24 25 Construct a flexible budget performance report 26 Revenue 27 and 28 Actual Spending Flexible 29 Results Variances Budget 30 Meals served ? 2 31 Revenue ? ? 2 32 Expenses: 33 Cost of ingredients ? ? ? 34 Wages and salaries ? ? ? 35 Utilities ? 7. ? 36 Rent 2 7 ? 37 Miscellaneous ? 7 ? 38 Total expenses ? 7 ? 39 Net operating income ? ? ? 40 41 Activity Variances Planning Budget 2 ? ? ? ? ? ? 7 ? ? ? 7 ? ? ? 7 7