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A B C D E 1 2 3 4 5 6...

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Accounting

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Chapter 9: Applying Excel
Data
Revenue $16.50 q
Cost of ingredients $6.25 q
Wages and salaries $10,400
Utilities $800 + $0.20 q
Rent $2,200
Miscellaneous $600 + $0.80 q
Actual results:
Revenue $29,765
Cost of ingredients $11,285
Wages and salaries $10,635
Utilities $1,130
Rent $2,200
Miscellaneous $2,035
Planning budget activity 1,700 meals served
Actual activity 1,800 meals served

a. What is the activity variance for revenue?

b. What is the spending variance for the cost of ingredients?

c. What is spending variance for wages and salaries?

d. What is spending variance for total expenses?

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