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
Glara Manufacturing is comparing its latest financial results to the planned Budget Use the information below to create a Flexible Budget and calculate variances.
tabletableFixedComponenttableVarlableComponentRevenueSCost of ingredlents,,,$Wages and salaries,Utilites$Rent$Miscellaneous
tableActual results:,,Revenue$Cost of materials,$Wages and salaries,$Uullities$Rent$Miscellaneous$
tablePlanning budget activity,unitsActual activity,units
Required:
Construct a flexible budget performance report.
Note: Use an ABS formula to calculate varlances. If a varlance is use F for favorabillty. All amounts should be entered as positive values.
tabletableActualResultstableRevenue andSpendingVarlancesFavorableUnfavorabletableFlexibleBudgettableActivityVarlancesFavorableUnfavorabletablePlanningBudgettableUnits SoldRevenueFExpenses:Cost of materials,FVFMiscellaneousVrFTotal expenses,EFFNet operating income,FE
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