Chapter 9: Applying Excel $16.50 9 $6.25 9 Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous $0.20 g $10,400 $800 $2,200 $600 $0.80 g Actual results: Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous $27.920 $11,110 $10,130 $1.080 $2,200 $2,240 Planning budget activity Actual activity 1.800 meals served 1,700 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 Spending Variances Actual Results Flexible Budget Activity Variances Planning Budget Meals served Revenue Expenses: Cost of ingredients Wages and salaries Utilities Rent Miscellaneous Total expenses Net operating income