This document provides instructions to enter formulas into cells marked with question marks for a variance analysis exercise using a flexible budget. The variance analysis will construct a performance report comparing a planning budget, flexible budget, actual activity levels, and resulting revenue and spending variances based on actual results.

1. Please fill the cells with questions marks with the formulas not the answers.
Thank you! 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
Solution
planning budget activity variance flexible budget revenue and spending variance actual results
1800 100 1700
16.5 16.5 1