Below are instructions for each:

Utilizing the financial information below for The Cookie Company, complete a budget performance report combining activity variances and revenue and spending variances like that in Exhibit $9-8$ on page $462$ of the textbook. Please be sure to include Favorable vs$.$ Unfavorable indicators for each variance. The report must be created from scratch in Excel. Each student's report should be completely unique even if following similar formats. Formulas MUST be used for ALL calculations, and the final submission must be made in Excel to grade calculations properly.

The Cookie Company

Income Statement

For the Year Ended December $31,2024$

$\backslash$table$[[,$Budget Information,Actual Results$],[$Quantity Sold,$2,200,2,700],[$Sales$,$$$4\mathrm{.}50$q$,$$ $11,200\mathrm{.}00],[$Cost of Goods Sold$],[$Flour$,$$$0\mathrm{.}16$q$,$$ $800\mathrm{.}00],[$Sugar$,$$$0\mathrm{.}22$q$,1,200\mathrm{.}00],[$Oil$,$$$0\mathrm{.}12$q$,600\mathrm{.}00],[$Chocolate$,$$$0\mathrm{.}50$q$,2,000\mathrm{.}00],[$Eggs$,$$$0\mathrm{.}10$q$,750\mathrm{.}00],[$Packaging$/$Supplies$,$$$0\mathrm{.}19$q$,850\mathrm{.}00],[$Gross Margin,,$ $5,000\mathrm{.}00],[$Utilities$,$$ $400\mathrm{.}00,450\mathrm{.}00],[$Insurance$,$$ $100\mathrm{.}00,100\mathrm{.}00],[$Office Supplies,$ $100\mathrm{.}00,122\mathrm{.}00],[$Salaries$/$Wages$,$$$2,000+$ $$0\mathrm{.}10$q$,2,600\mathrm{.}00],[$Commissions$,$$$0\mathrm{.}25$q$,750\mathrm{.}00],[$Janitorial Expense,$ $200\mathrm{.}00,200\mathrm{.}00],[$Rent$,$$ $1,000\mathrm{.}00,1,000\mathrm{.}00],[$Repairs$,$$ $200\mathrm{.}00,260\mathrm{.}00],[$Depreciation$,$$ $150\mathrm{.}00,150\mathrm{.}00],[$Marketing$,$$ $400\mathrm{.}00,450\mathrm{.}00],[$Software$/$IT$,$$ $75\mathrm{.}00,20\mathrm{.}00],[$Human Resources,$ $45\mathrm{.}00,18\mathrm{.}00],[$Accounting Fees,$ $250\mathrm{.}00,200\mathrm{.}00],[$Other Management Expenses,$ $175\mathrm{.}00,150\mathrm{.}00],[$Legal Fees,$ $100\mathrm{.}00,800\mathrm{.}00],[$Total Selling & Administrative Expenses,,$7,270\mathrm{.}00],[$Net Operating Income$/($Loss$),,$$ $(2,270\mathrm{.}00)$

PLEASE SHOW IN EXCEL, WITH FORMULAS AND CELL REFERNCES