1,Which of the following budgeted expenses has a favourable variance

a.Interest $500, actual interest $500

b.Salary and wages $52 000, actual salary and wages $56 000

c.Advertising $30 000, actual advertising $40 000

d.Telephone $4 000, actual telephone $3 700

e.Electricity $2 000, actual electricity $2 400

2.Using the data below to perform a vertical analysis, the % value assigned to gross profit (rounded to the nearest whole amount) is:

Sales revenue- $240,000

Cost of sales- $159,000

Gross profit- $81,000

Operating expenses- $51,000

Profit before tax- $30,000

Tax expense- $3,000

Profit after tax- $27,000

a.100

b.300

c.270

d.34

e.51