Pertect Parties, Inc. has several divisions, one of which provides birthday parties at their facility, and has provided the actuol and planning budget results for the month of June. The Controller has asked you prepare the Eithday Party Dlvision Budget Performance Report. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. - Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, "ell" was entered, the formula would output the result from cell Eti, or 80 in this example. - Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keysi. (plus sign to add), - (minus sign to subtract). "(asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank ceil "m13+Fi3" was entered, the formula would add the values from those cells and output the result, or 75 , 560 in this example. If using the other math symbols the result would output an appropriate answer for its function. - SUM function: Allows you to refer to multiple cells and adds all the values. You can add indlvidual cell references or ranges to utilize this function. From the Excel Simulation below, if in a blank cell "-SUM(E16,E17, E18)? was entered, the formula would output the result of adding those three separate cells; or 13,300 in this example. Similarly, if in a blank cell "sUM(E16:E18)" was entered, the formula would output the same result of adding those celis, except they are expressed as a range in the formula, and the result would be 13,300 in this example. - ABS function: Allows you to return the absolute value of a number or calculation. You can reference any cell to display its absolute value. or surround another formula with the ABS function, to return the final result as an absolute value, From the Excel Simulation below, you can see in cell H18 that the ABS function is being used, "ABS(F18-E18)" which first colculates the subtraction of F18-Et8 that results in -200. Then, the ABS portion of the formula returns the absolute value of the subtraction result, which would be 200 in this example. - IF function: Allows you to test a condition and return a specific value is the result is true and different value if the result is faise. The syntax of the IF function is "elFftest_condition,value_if_true,value_if falser and specific considerations need to be made when using this function. The test condition argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, fess than, or equal to another number or cell. The value_if_true and value_ if false arguments will return any specific resuit for each option, such as another cell reference. a value, or text. Throughout the entire equation, if text is being used in the test_condition, value.if true, or value if.false arguments then the text itself sho.

1. Pertect Parties, Inc. has several divisions, one of which provides birthday parties at their facility,
and has provided the actuol and planning budget results for the month of June. The Controller has
asked you prepare the Eithday Party Dlvision Budget Performance Report. Use the information
included in the Excel Simulation and the Excel functions described below to complete the task. -
Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel
Simulation below, if in a blank cell, "ell" was entered, the formula would output the result from cell
Eti, or 80 in this example. - Basic Math functions: Allows you to use the basic math symbols to
perform mathematical functions. You can use the following keysi. (plus sign to add), - (minus sign
to subtract). "(asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation
below, if in a blank ceil "m13+Fi3" was entered, the formula would add the values from those cells
and output the result, or 75 , 560 in this example. If using the other math symbols the result would
output an appropriate answer for its function. - SUM function: Allows you to refer to multiple cells
and adds all the values. You can add indlvidual cell references or ranges to utilize this function.
From the Excel Simulation below, if in a blank cell "-SUM(E16,E17, E18)? was entered, the
formula would output the result of adding those three separate cells; or 13,300 in this example.
Similarly, if in a blank cell "sUM(E16:E18)" was entered, the formula would output the same result
of adding those celis, except they are expressed as a range in the formula, and the result would
be 13,300 in this example. - ABS function: Allows you to return the absolute value of a number or
calculation. You can reference any cell to display its absolute value. or surround another formula
with the ABS function, to return the final result as an absolute value, From the Excel Simulation
below, you can see in cell H18 that the ABS function is being used, "ABS(F18-E18)" which first
colculates the subtraction of F18-Et8 that results in -200. Then, the ABS portion of the formula
returns the absolute value of the subtraction result, which would be 200 in this example. - IF
function: Allows you to test a condition and return a specific value is the result is true and different
value if the result is faise. The syntax of the IF function is "elFftest_condition,value_if_true,value_if
falser and specific considerations need to be made when using this function. The test condition
argument is an evaluation of the status of a cell, such as if the value of a cell is greater than, fess
than, or equal to another number or cell. The value_if_true and value_ if false arguments will
return any specific resuit for each option, such as another cell reference. a value, or text.
Throughout the entire equation, if text is being used in the test_condition, value.if true, or value
if.false arguments then the text itself should be entered in quotations so that Excel will recognize
the text as a "string of text" instead of another function. From the Excel Simulation below, if in a
blank cell "=IF(E13> 30000 , Revenue is good", Revenue is bad") was entered, the formula would
output the result of the value_if true since the test_condition would be result as true, or in this case
the text "Revenue is good". Excel processes the If function by separating it out into separate parts.
First the test condition - Excel thinks, find cell E13 and determine if the value is greater than
30,000 . Once Excel determines if the result of that test_condition is TRUE or FALSE, it will return
the value if true or value if faise.1 Perfect Parties, Inc. has several divisions. One division provides
birthday parties at their facility. Each party sold provides entertainment, decorations, food, and
party favors for 10 children. The bookkeeper has prepared a report comparing actual results for
the month of June to budgeted results.26 Prepare a new report for June using the flexible budget
approach. Enter all variances as positive amounts. If there is a variance, write an IF statements to

2. indicate if it is F or U (using