Bay Area Bank estimates that its overhead costs for policy administration should be \($20\) for each new account obtained and \($0.30\) per year for each \($1,000\) of deposits. The company set a budget of selling 20,000 new accounts during the coming period. In addition, it estimated that the total deposits for the period would average $43,200,000.

During the period, actual costs related to new accounts amounted to \($381,500.\) The bank sold a total of 19,200 new accounts.

The cost of maintaining existing accounts was \($12,000.\) Had these costs been incurred at the same prices as were in effect when the budget was prepared, the costs would have been \($11,800,\) however, some costs changed. Also, deposits averaged \($45,000,000\) during the period.

Required Prepare a schedule to show the differences between master budget and actual costs.