12:09 BI61% Question 3: Budgets Complete the cost budget below showing the variance and identify which variances are adverse or favourable A III !!! Item Budgeted Actual Variand expenditure expenditure Material 20,000 35,000 Wages 80,000 100,000 19,000 16,600 Utility bills Marketing 8,000 7,000 127,000 158,600 Total costs 0 12:09 61% Question 3: Budgets Complete the cost budget below showing the variance and identify which variances are adverse or favourable A ili III dgeted Actual Variance Adverse or benditure expenditure, Favourable? 000 35,000 000 100,000 000 16,600 00 7,000 7,000 158,600