please show work. show how to solve it on excel. Show how to fond the difference too on excel, the formula.

Prepare the following budget reports for January 2022 using Excels' IF function, and evaluate the usefulness of each report. a. A static budget report b. A flexible budget report Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or work area as indicated. Use the IF function with cell references to label as Favorable or Unfavorable. b. Rooney Company Flexible Direct Labor Budget Report For the Month Ended January 31, 2022 \begin{tabular}{llll} \hline & Budget & Actual & Difference \\ Direct labor & & & \end{tabular} c. Which budget report is more useful? Flexible Budget Report The static 'budget does not provide a proper basis for evaluating performance because the budget is not based on "the hours actually worked. The flexible budget provides a proper basis for evaluating performance because the budget is not based on "the hours actually worked