Question

need excel functions for answers in yellow boxes.

Fortuny Styles Clipboard Font F36 C D 27 Enter all variances as positive amounts. If there is a variance, write an IF statements to indicate if it is For U (using capital letters) 28 If there is no variance, enter the word None. Perfect Parties Birthday Party Division Flexible Budget Performance Report For the Month Ended June 30 Planning Budget Flexible Budget Revenue and Spending Variances Actual Results Activity Variances 34 Number of parties $ 36,000 $ 41.400 36 Revenues 37 Expenses: 38 Food costs 39 Party supplies 40 Party worker wages 41 Administrative salaries 42 Equipment depreciation 43 Rent 44 Total expense 45 Net operating income 7,200 3,200 6,400 3.700 1,200 5.000 26,700 9.300

Answer 1

Perfect Parties Birthday Party Division Flexible Budget Performance Report For The Month Ended June 30
	Planning Budget	Activity Variances		Flexible Budget	Revenue and Spending Variances		Actual Results
Number of parties	80			92			92
Revenues	$36,000	$5,400	F	$41,400 (92*$450)	$1,840	U	$39,560
Expenses:
Food costs	7,200	1,080	U	8,280 (92*$90)	368	U	8,648
Party supplies	3,200	480	U	3,680 (92*$40)	276	F	3,404
Party worker wages	6,400	960	U	7,360 (92*$80)	368	U	7,728
Administrative salaries	3,700	0	None	3,700	200	F	3,500
Equipment depreciation	1,200	0	None	1,200	0	None	1,200
Rent	5,000	0	None	5,000	0	None	5,000
Total expense	26,700	2,520	U	29,220	260	U	29,480
Net operating income	$9,300	$2,880	F	$12,180	$2,100	U	$10,080