Question: 1 A Chapter 9: Applying Excel B D E 2 3 Data 4 Revenue $ 16.50 q 5 Cost of ingredients $ 6.25 9 6

1 A Chapter 9: Applying Excel B D E 2 3 Data 4 Revenue $ 16.50 q 5 Cost of ingredients $ 6.25 9 6 Wages and salaries $ 10,400 Utilities $ 800 + $ 0.20 q 7 Rent $ 2,200 8 Miscellaneous $ 600 + $ 0.80 q 9 10 Actual results: 11 Revenue $ 29,590 12 Cost of ingredients $ 11,015 13 Wages and salaries $ 10,305 14 Utilities $ 1,145 15 Rent $ 2,200 16 Miscellaneous $ 2,005 17 18 Planning budget activity 1,700 meals served 19 Actual activity 1,800 meals served 20 c. What is spending variance for wages and salaries? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)). The amount of the spending variance for wages and salaries d. What is spending variance for total expenses? (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance)). The amount of the spending variance for total expenses F1 A Chapter 9: Applying Excel B D E 2 3 Data4 Revenue $ 16.50 q 5 Cost of ingredients $ 6.25 9

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!