Please include excel formulas

2 Perfect Parties, Inc. has several divisions. One division provides birthday parties at theif faclity. 3 Each party sold provides entertainment, decorations, food, and party favors for 10 children. 4 The bookkeeper has prepared a report comparing actual results for the month of June to budgeted results. 21 Food costs, party supplies, and party worker wages are vanable costs. 22 Administrative salaries, equipment depreciation, and rent are fixed costs. 23 24 Required: Prepare a new report for June using the flexble budget approach. Enter all variances as positive amounts. Leave no cells blank. 8 (Use cells A10 to E20 from the given information, as well as A34 to H44 to complete this question.) Prepare a new report for June using the flexible budget approach. Enter all variances as positive amounts, Leave no cells blank. (Use cells A10 to E20 from the given information, as well as A34 to H44 to complete this question.) Students: The scratchipad area is for you to do any additional work you need to solve this question or can be used to show your work. Nothing in this area will be graded, but it will be submitted with your assignment