00 Calib 11 JAN % - E un 8 Paste BIV H & A Alignment Number Conditional Formatas Cell Editing Formatting Table Styles Clipboard Font Styles A1 to Perfect Parties, Inc. has several divisions. One division provides birthday parties B D F G H 1 Perfect Patties, Inc. has several divisions. One division provides birthday parties at their facility. 2 Each party sold provides entertainment, decorations, food, and party favors for 10 children. 3 The bookkeeper has prepared a report comparing actual results for the month of June to budgeted results. 4 5 Perfect Parties 6 Birthday Party Division Analysis of Revenues and Costs 7 For the Month Ended June 30 8 Planning 9 Budget Actual Results Variances 10 11 Number of parties 80 92 12 13 Revenue $ 36,000 $ 39,560 $ 3,560 F 14 Expenses 15 Food costs 7,200 8,648 1,448 U 16 Party supplies 3,200 3,404 204 U 17 Party worker wages 6,400 7,728 1,328 U 18 Administrative salaries 3,700 3,500 200 F 19 Equipment depreciation 1,200 1,200 - None 20 Rent 5,000 5,000 - None 21 Total expense 26 700 29,480 2,780 U 22 Net operating income S 9,300 10,080 $ 780 F 23 Food costs, party supplies and party worker wases are variable costs Paste BIV- 8.- CH A Alignment Number Conditional format as Cell Formatting Table Styles Editing Clipboard Font 140 1 A B D G 26 Prepare a new report for June using the flexible budget approach 27 Enter all variances as positive amounts. If there is a variance, write an IF statements to indicate if it is for using capital letters) 28 if there is no variance, enter the word None. Perfect Parties Birthday Party Division Flexible Budget Performance Report 31 For the Month Ended June 30 32 33 Planning Flexible Revenue and Actual Budget Activity Variances Budget Spending Variances Results 34 Number of parties 35 29 30 36 Revenues 37 Expenses 38 Food costs 39 Party supplies 40 Party worker wages 41 Administrative salaries 42 Equipment depreciation 43 Rent 44 Total expense 45 Net operating income 46