Determining Budget Variances. Fran Bowen created the following budget:

Food, $350 Transportation, $320 Clothing, $100 Personal expenses and recreation, $275 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 a surplus.

LO3-3