Required information The Chapter 9 Form worksheet is to be used to create your own worksheet version of the Review Problem example in the text Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell B30 enter the formula 'B20'. Notes: In the text, variances are always displayed as positive numbers. To accomplish this, you can use the ABS() function in Excel. For example, the formula in cell C31 would be "-ABS(E31-831)". Cells D31 through D39 and G31 through G39 already contain formulas to compute and display whether variances are Favorable or Unfavorable. Do not enter data or formulas Into those cells, if you do, you will overwrite these formulas. After entering formulas in all of the cells that contained question marks, verify that the amounts match the numbers in the example in the text. Check your worksheet by changing the revenue in cell 04 to $16.00; the cost of Ingredients in cell D5 to $6.50; and the wages and salaries in cell B6 to $10,000. The activity variance for net operating Income should now be $850 U and the spending variance for total expenses should be $410 U. If you do not get these answers, find the errors in your worksheet and correct them. Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse." Next, click Save." You will use this worksheet to answer the questions in Part 2 download reference file upload a response file (15MB max) Choose File No file chosen Chapter_9_Applying_Excel_Student_Form.xlsx Chapter 9: Applying Excel $16.50 9 $6.25 a + $0.20 9 + $0.80 9 Data Revenue Cost of ingredients Wages and salaries $10,400 Utilities $800 Rent $2,200 Miscellaneous $600 0 1 Actual results: 2 Revenue $27,920 3 Cost of ingredients $11,110 4 Wages and salaries $10,130 5 Utilities $1,080 6 Rent $2,200 7 Miscellaneous $2,240 8 9 Planning budget activity 1,800 meals served o Actual activity 1,700 meals served 1 2 Enter a formula into each of the cells marked with a ? below 3 Review Problem: Variance Analysis Using a Flexible Budget Revenue and Spending Variances Activity Variances Flexible Budget ? ? Planning Budget ? ? ? ? 3 Construct a flexible budget performance report 6 7 3 Actual 9 Results 0 Meals served ? 1 Revenue ? 2 Expenses: 3 Cost of ingredients ? 4 Wages and salaries 2 5 Utilities ? 6 Rent ? 7 Miscellaneous ? % Total expenses ? 9 Net operating income ? 0 ? 2 ? 2 ? 2