Using the IF function
Instruction: Use an If function to enter a F or U in column E based on whether the variance is Favorable or Unfavorable.
Department	Expense Budget	Actual Expense	Variance	Favorable or Unfavorable
A	$100,000	$110,000	($10,000)
B	$200,000	$190,000	$10,000
C	$300,000	$285,000	$15,000
Hint: If the variance is less than zero, show "U" , otherwise show "F".