Chapter 9: Applying Excel Data Revenue Cost of ingredients Wages and salanes ities Rent Miscelaneous Actual results Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous Planning budget activity Actual activity Meals served Revenue Expenses Cost of ingredients Wages and salaries Utites Rent $10,400 $800 $2,200 $600 Macellaneous Total expenses Net operating income $27,920 $11,110 $10,130 $1,000 $2,200 $2,240 Enter a formula into each of the cells marked with a ? below Review Problem: Variance Analysis Using a Flexible Budget Construct a flexible budget performance report Actual Resuts 1.800 meals served 1,700 meals served ? 2 7 2 ? 2 C 7 . 7 7 . Revenue and Spending Variances 2 ? ? 7 2 7 7 7 D $16.50 $6.25 4 $0 20 4 50 80 4 E Flexible Activity Budget Varances 7 ? 7 ? ? ? F 2 2 ? 7 ? ? 7 7 7 7 ? G H Planning Budget ? 2 ? ? 7 2 ? 7 7 A J K M

Q: Fill out the percentages column and the yellow and green bottom. Need verification. Show…

A: Income statement is the financial statement prepared for analyzing the profitability of a company.

Q: Can you please step this out line by line (not all in one line) and state the formula used

A: The concept of time value of money states that worth of money changes with passage of time. This is…

Q: Student ID Day 63638034 Monday 23957096 Thursday 28080825 Monday Exam Score 61 70 1. How many…

A: =COUNTIF is used to count the cells satisfying the given criteria in the given range.

Q: What does CAPM allow you to calculate?

A: CAPM model is basically the capital asset pricing model which helps us in determining the expected…

Q: Can you show the formulas in the cells please?

A: The question is the threaded question in which the student is asking about formulas.

Q: (d) Calculate the departmental overhead allocation rates, briefly describing the reason for your…

A: Traditional absorption-based costing allocated costs based on a single cost factor which is…

Q: how do you calculate this question with excel formulas

A: Information Provided: Withdraw amount = $10,000 Interest rate = 6% Years for withdraw $10,000 = 5…

Q: Please show all equations and work as needed. Make the correct answer clear. If possible, please…

A: Calculation of WACC of firm after leverage (effective after-tax):Answer:WACC after leverage is…

Q: can you please type out the equation

A: Solution:- When an equal amount is saved each period at end of period, it is called ordinary…

Q: Explain the concept of two-dimensional ABC. Support your explanation with a diagram.

A:

Q: Complete the remaining sub-parts

A: Adjusted journal entries made at the end of an accounting period to adjust some accounts to ensure…

Q: Can you also use a TVM calculator?

A: Solution:- When an equal amount is saved each period at end of period, it is called ordinary…

Q: can you show formulas used to solve this problem?

A: The concept of the time value of money determines that the worth of money gets depreciated over a…

Q: Write the note on JIT technique, what is the full form of JIT?

A:

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…

Q: Write out the equation for the CML and explain its meaning.

A: After the investment in different securities, portfolio is prepared which describe the overall…

Q: Can you please do this problem using an equation.

A: Compound interest is nothing but interest on interest. That means interest is calculated on the…

Q: Draw out a trial balance using the above trasnsactions . Thank you

A: Trail balance is a list of accounts with debit and credit balances . Where total credit and debit…

Q: How do you make a two-dimensional columnar chart in excel?

A: The objective of this question is to create a two-dimensional columnar chart in Excel. This type of…

Q: Use information to fill out the chart in second picture

A: Total Assets=Total Liabilities and Owners’ EquityTotal Assets=$54,400   Total Assets=Cash+Accounts…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.