Chapter 9: Applying Excel Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous Actual results: Revenue Cost of ingredients Wages and salaries Utilities Rent Meals served Revenue Expenses: Cost of ingredients Wages and salaries Utilities Rent $10,400 $800 $2,200 $600 Miscellaneous Planning budget activity Actual activity 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 Miscellaneous Total expenses Net operating income $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 1,800 meals served 1,700 meals served Actual Results ? ? ? ? ? ? ? ? ? Revenue and Spending Variances ? ? ? ? ? ? ? ? $16.50 q $6.25 q $0.20 q $0.80 q Flexible Activity Budget Variances ? ? ? ? ? ? ? ? ?| ? ? ? ? ? ? ? Planning Budget ? ? ? ? ? ? ?

Chapter 9: Applying Excel Data Revenue Cost of ingredients Wages and salaries Utilities Rent Miscellaneous Actual results: Revenue Cost of ingredients Wages and salaries Utilities Rent Meals served Revenue Expenses: Cost of ingredients Wages and salaries Utilities Rent $10,400 $800 $2,200 $600 Miscellaneous Planning budget activity Actual activity 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 Miscellaneous Total expenses Net operating income $27,920 $11,110 $10,130 $1,080 $2,200 $2,240 1,800 meals served 1,700 meals served Actual Results ? ? ? ? ? ? ? ? ? Revenue and Spending Variances ? ? ? ? ? ? ? ? $16.50 q $6.25 q $0.20 q $0.80 q Flexible Activity Budget Variances ? ? ? ? ? ? ? ? ?| ? ? ? ? ? ? ? Planning Budget ? ? ? ? ? ? ?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 18MC: A flexible budget______. A. predicts estimated revenues and costs at varying levels of production B....

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