Given the formulas below, I need assistance with correctly filling in the yellow blocks in the attached excel snip it and making sure that the two "total" cells' sum equals out to 38,558 as identified above the yellow cells.

Labor Revenues

Revenue (hrs.)= [Actual Labor (hrs.) - Budget Labor (hrs.)] x Budget Labor Rate ($/hr.)

Rate ($/hr.) = [Actual Labor Rate ($/hr.) - Budget Labor Rate ($/hr.)] x Budget Labor Costs (hrs.)

Costs (hrs.) = [Budget Labor Costs (hrs.) - Actual Labor Costs (hrs.)] x Actual Labor Costs ($/hr.)

Labor ($/hr.) = [Budget Labor Costs ($/hr.) - Actual Labor Costs ($/hr.)] x Budget Labor Costs (hrs.)

Transcribed Image Text:

A 3 Revenues (billed out): B C D E F G H I J K Budget Actual Fav./(Unfav.) Change in Gross Margin 4 - Labor (hrs.) 3,641 3,654 13 38,558 5 Labor rate ($/hr.) 120 121 1 6 Parts ($/hr.) 344 322 (22) Labor Variance Parts Variance 7 Costs: Revenue (hrs.) 8 Labor (hrs.) 3,980 3,916 (64) Rate ($/hr.) 9 - Labor ($/hr.) 45 10 - Parts (% of revenue) 78% 42 75% (3) Costs (hrs.) -3% Labor (S/hr.) 11 12 Revenues: $ Fav./(Unfav.) 13 Labor 436,920 442,191 5,271 Total Revenue (hrs.) Revenue ($/hr.) Costs (hrs.) Costs ($/hr.) Mark-up Other Total 14 - Parts 1,252,504 1,178,092 (74,412) 15 Total Revenues 1,689,424 1,620,283 (69,141) 16 Costs: 17 - Labor 179,100 166,211 (12,889) 18 - Parts 976,953 882,143 (94,810) 19 Total Costs 1,156,053 1,048,354 (107,699) 20 A 3 Revenues (billed out): B C D E F G H I J K Budget Actual Fav./(Unfav.) Change in Gross Margin 4 - Labor (hrs.) 3,641 3,654 13 38,558 5 Labor rate ($/hr.) 120 121 1 6 Parts ($/hr.) 344 322 (22) Labor Variance Parts Variance 7 Costs: Revenue (hrs.) 8 Labor (hrs.) 3,980 3,916 (64) Rate ($/hr.) 9 - Labor ($/hr.) 45 10 - Parts (% of revenue) 78% 42 75% (3) Costs (hrs.) -3% Labor (S/hr.) 11 12 Revenues: $ Fav./(Unfav.) 13 Labor 436,920 442,191 5,271 Total Revenue (hrs.) Revenue ($/hr.) Costs (hrs.) Costs ($/hr.) Mark-up Other Total 14 - Parts 1,252,504 1,178,092 (74,412) 15 Total Revenues 1,689,424 1,620,283 (69,141) 16 Costs: 17 - Labor 179,100 166,211 (12,889) 18 - Parts 976,953 882,143 (94,810) 19 Total Costs 1,156,053 1,048,354 (107,699) 20