Fran Bowen created the following budget: Food, $350.................................................. Clothing, $100 Transportation, $320 ......... Personal expenses and recreation,
Question:
Food, $350.................................................. Clothing, $100
Transportation, $320 ......... Personal expenses and recreation, $275
Housing, $950
She actually spent $298 for food, $337 for transportation, $982 for housing, $134 for clothing, and $231 for personal expenses and recreation. Calculate the variance for each of these categories, and indicate whether it was a deficit or surplus.
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Related Book For
Focus On Personal Finance
ISBN: 9780077861742
5th Edition
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
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