Simple budget                Flexible Budget                  Actual Results Revenues                           $4.7                                 $4.8                                   $4.5 Costs                                    4.1                                   4.1                                     4.2 Profit                                     0.6                                   0.7                                     0.3 A. Calculate and interpret the two profit variances. B. Calculate and interpret the two revenue variances. C. Calculate and interpret the two cost variances. D. How are the variances related? Need this done on excel .

1. Simple budget Flexible Budget Actual
Results
Revenues $4.7 $4.8
$4.5
Costs 4.1 4.1
4.2
Profit 0.6 0.7
0.3
A. Calculate and interpret the two profit variances.
B. Calculate and interpret the two revenue variances.
C. Calculate and interpret the two cost variances.
D. How are the variances related?
Need this done on excel