FOR EVERY QUESTION MARK, PLEASE SHOW CELL FORMULAS (EX. =B6+B7)

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Chapter 9: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B30 enter the formula "=B20". Notes: In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS() function in Excel. For example, the formula in cell C31 would be "=ABS(E31-B31)". Cells D31 through D39 and G31 through G39 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas into those cellsif you do, you will overwrite these formulas. After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text. Check your worksheet by changing the revenue in cell D4 to $16.00; the cost of ingredients in cell D5 to $6.50; and the wages and salaries in cell B6 to $10,000. The activity variance for net operating income should now be $850 U and the spending variance for total expenses should be $410 U. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click "Save." You will use this worksheet to answer the questions in Part 2. B D E F I J + $0.20 4 + 1 Chapter 9: Applying Excel 2 3 Data 4 Revenue $16.50 g 5 Cost of ingredients $6.25 9 6 Wages and salaries $10,400 7 Utilities $800 8 Rent $2,200 9 Miscellaneous $600 $0.80 9 10 11 Actual results: 12 Revenue $27,920 13 Cost of ingredients $11,110 14 Wages and salaries $10,130 15 Utilities $1,080 16 Rent $2,200 17 Miscellaneous $2,240 18 19 Planning budget activity 1,800 meals served 20 Actual activity 1,700 meals served 21 22 Enter a formula into each of the cells marked with a ? below 23 Review Problem: Variance Analysis Using a Flexible Budget 24 25 Construct a flexible budget performance report 26 Revenue 27 and 28 Actual Spending Flexible 29 Results Variances Budget 30 Meals served ? ? 31 Revenue ? ? ? 32 Expenses: 33 Cost of ingredients ? ? ? 34 Wages and salaries ? ? ? 35 Utilities ? ? ? 36 Rent ? ? ? 37 Miscellaneous ? ? ? 38 Total expenses ? ? ? 39 Net operating income ? ? ? 40 41 Activity Variances Planning Budget