Question: Create an Excel workbook with a budget for a personal finance situation. Include sources of income, expenses and savings. Use a fictional situation. Column 1-

Create an Excel workbook with a budget for a personal finance situation. Include sources of income, expenses and savings. Use a fictional situation.

  1. Column 1- Budgeted amounts
  2. Column 2- Actual amounts
  3. Column 3- Variances from budget to actual
  4. Column 4- Is the variance favorable or unfavorable?

I need help with step by step directions on how to set up excel workbook and calculations

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