Question: create a table in Excel that uses Excel formulas to calculate the volume and cost variances for the data presented below. Show formula in excel
create a table in Excel that uses Excel formulas to calculate the volume and cost variances for the data presented below. Show formula in excel spreadsheet the overage due primarily to volume or cost increases? Explain the rationale for your response.
Expenses 2 0 2 2 Actual 2 0 2 2 Budget
Salary and Wages 1 7 5 , 2 0 0 1 6 9 , 0 0 0
Fringe Benefits 6 9 , 2 0 0 6 8 , 0 0 0
Supplies 1 2 6 , 0 0 0 1 2 4 , 0 0 0
Depreciation 2 5 , 0 0 0 2 4 , 0 0 0
Interest 8 , 4 0 0 9 , 0 0 0
Other 1 0 9 , 3 0 0 1 1 0 , 0 0 0
Total Expenses 5 1 3 , 1 0 0 5 0 4 , 0 0 0
Patient Days 4 7 , 7 0 0 4 7 , 2 0 0
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
