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SH Hann Auteave Chat menent. Protected View Dute View MICROW to steedom DOW Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formules with cell references to the Problem area or work area as indicated. Use the function with colorences to label as Favorable or Unfavorable A Using Excel to Prepare a Static and Flexible Direct Labor Budget PROBLEM Rooney Company provided the following information needed for the preparation of its stand ble budget reports during January, 2022 Direct laborate per direct borhout 5 20.00 Achat direct labor con January $ 200.000 Expected direct labor hours per month 10,000 Actual direct laborhooni, January 10,400 Prepare the following budget reports for January 2022 using Excel Function, and evaluate the usefulness of each report a. A static budget report A ferable budget report 10 20 21 Rooney Company Static Direct Labor Budget Report For the Month Ended January 31, 2022 Budget Actual Difference Direct b. Rooney Company Flexible Direct Labor Budget Report For the Month Ended January 31, 2022 Budges Actual Difference Direct labor c. Which budget report is more useful? 24 15 budget does not provide a proper basis for evaluating performance because the budget is the hours actually worked Current Attempt in Progress Your answer is partially correct For the quarter ended March 31, 2022, Riverbed Company accumulates the following sales data for its newest guitar, The Edge: $333,900 budget: $323, 300 actual In the second quarter, budgeted sales were $402,800, and actual sales were $407,040 Prepare a static budget report for the second quarter and for the year to date. Second Quarter Product Line Budget Actual Difference Guitar: The Edge $ Favorable eTextbook and Media Assistance Used

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