2 Required information The Chapter 9 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text. Part 2 of 2 Requirement 2: Revise the data in your worksheet to reflect the results for the subsequent period as shown below: A B 5/10 points awarded D E 1 Chapter 9: Applying Excel Scored 2 3 Data 4 Revenue $ 16.50 q 5 $ 6.25 q 6 Cost of ingredients Wages and salaries Utilities $ 10,400 7 $ 800 + $ 0.20 q 8 Rent $ 2,200 600 9 Miscellaneous $ + $ 0.80 9. 10 11 Actual results: 12 Revenue $ 29,885 $ 11,040 13 Cost of ingredients 14 Wages and salaries 15 Utilities 16 Rent $ 10,495 $ 1,210 $ 2,200 17 Miscellaneous $ 2,015 18 1,700 19 Planning budget activity 20 Actual activity meals served meals served 1,800 a. What is the activity variance for revenue? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the activity variance for $ 1,650 revenue b. What is the spending variance for the cost of ingredients? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the spending variance for the cost of ingredients $ (240) X F c. What is spending variance for wages and salaries? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the spending variance for wages and salaries $ (698) d. What is spending variance for total expenses? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance)). The amount of the spending variance for total expenses 1,170 X 7