Question: Using the IF function Instruction: Use an If function to enter a F or U in column E based on whether the variance is Favorable
| Using the IF function | |||||||
| Instruction: Use an If function to enter a F or U in column E based on whether the variance is Favorable or Unfavorable. | |||||||
| Department | Expense Budget | Actual Expense | Variance | Favorable or Unfavorable | |||
| A | $100,000 | $110,000 | ($10,000) | ||||
| B | $200,000 | $190,000 | $10,000 | ||||
| C | $300,000 | $285,000 | $15,000 | ||||
| Hint: If the variance is less than zero, show "U" , otherwise show "F". | |||||||
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