647821970.

xlsx
Chapter 9: Applying Excel

Data
Revenue $16.50 q
Cost of ingredients $6.25 q
Wages and salaries $10,400
Utilities $800 + $0.20 q
Rent $2,200
Miscellaneous $600 + $0.80 q

Actual results:
Revenue $29,920
Cost of ingredients $11,510
Wages and salaries $10,390
Utilities $1,120
Rent $2,200
Miscellaneous $2,030

Planning budget activity 1,700 meals served

Actual activity 1,800 meals served

Enter a formula into each of the cells marked with a ? below

Review Problem: Variance Analysis Using a Flexible Budget

Construct a flexible budget performance report

Revenue
and
Actual Spending Flexible Activity Planning
Results Variances Budget Variances Budget
Meals served 1,800 1,800 1,700
Revenue $29,920 $220 F $ 29,700 $ (1,650) F $ 28,050
Expenses:
Cost of ingredients $11,510 $260 U 11,250 (625) U 10,625
Wages and salaries $10,390 -$10 F $10,400 $0 $10,400
Utilities $1,120 40 F 1,160 (20) U 1,140
Rent $2,200 $0 $2,200 $0 $2,200
Miscellaneous $2,030 -$10 F 2,040 (80) U 1,960
Total expenses $27,250 $200 U 27,050 (725) U 26,325
Net operating income $2,670 $20 F $ 2,650 $ (925) F $ 1,725

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