Question: Please provide with the excell formula for each answer 1 Glara Manufacturing is comparing its latest financial results to the planned Budget Use the information

Please provide with the excell formula for each answer 1
Glara Manufacturing is comparing its latest financial results to the planned Budget Use the information below to create a Flexible Budget and calculate variances.
\table[[,\table[[Fixed],[Component]],\table[[Varlable],[Component]]],[Revenue,,,S,16.70],[Cost of ingredlents,,,$,6.35],[Wages and salaries,5,10,450,,],[Utilites,$,820,5,0.20],[Rent,$,2,240,,],[Miscellaneous,5,630,5,0.80]]
\table[[Actual results:,,],[Revenue,$,28,220],[Cost of materials,$,11,290],[Wages and salaries,$,10,170],[Uullities,$,1,090],[Rent,$,2,240],[Miscellaneous,$,2,280]]
\table[[Planning budget activity,1,800,units],[Actual activity,1,700,units]]
Required:
Construct a flexible budget performance report.
Note: Use an ABS() formula to calculate varlances. If a varlance is 0, use F for favorabillty. All amounts should be entered as positive values.
\table[[,\table[[Actual],[Results]],\table[[Revenue and],[Spending],[Varlances]],Favorable/Unfavorable,\table[[Flexible],[Budget]],\table[[Activity],[Varlances]],Favorable/Unfavorable,\table[[Planning],[Budget]]],[\table[[Units Sold],[Revenue]],F,Y,r,r,,,],[Expenses:],[Cost of materials,F,Y,r,r,Y,V,F],[Miscellaneous,V,r,r,r,r,7,F],[Total expenses,E,F,r,F,F,7,F],[Net operating income,,Y,r,r,F,,E]]
 Please provide with the excell formula for each answer 1 Glara

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