2. Using the information in the table below, calculate the variance in the budget in both dollar value and percent change (70 Marks) Income Govt. Subvention School Fee Jodelle's ECI Variance Report for year ended December 15, 2018 Sponsorship Miscellaneous Income Total Expenditure Salaries Promotion Training Material Capacity Building Administration Costs Utilities Other Expenditure Total Name Budgeted Actual $ $ Josiah Maxwell Hermine Mc Indoe Jaden Peter 1,500,000 750,000 200.000 15,000 2,465,000 1,450,000 66,000 200,000 70,000 95,638 1,850,000 811,345 190,000 11,500 2,862,845 1,600,000 79,000 165,000 121,507 111,146 129,000 140,350 15,000 19,588 2,025,638 2,236,591 Surplus/Deficit 439,362 547,254 3. You are the accounting officer at your school. You have been asked to prepare a payroll from the following information. After completing the payroll, prepare a cheque and pay advice slip for one (1) worker of your choice. Payment date is December 25, 2022. Basic Allowances Salary p.a. $ 2,160,096 3,108,000 1,728,840 Variance Variance Favourable/ $ Unfavourable p.m $ 45,245 55,145 29,170 % 63,400 21,789 8,594 37,297 12,279 7,210 Credit Union p.m $ 7,500 8,300 8,900 2,500 Insurance p.m $ 2,100 4,500 3,500 12,000 14,258 11,504 4,500,000 32,250 Alicia Redden Tajae Antonio 1,600,000 10,336 William Samuels 480,196 1,205 Maleik Lirone 2,040,144 3,527 Tash Williams 840,144 11,249 Lemone Walker 720,096 7,203 NB. Income Tax Threshold - $1,500,000 pa. Income Tax 25%, Nis 3%, Pension 5%, Ed Tax 2.25%; NHT 2% (40 Marks)

2. Using the information in the table below, calculate the variance in the budget in both dollar value and percent change (70 Marks) Jodelle's ECI Variance Report for year ended December 15, 2018 3. You are the accounting officer at your school. You bave been asked to peepare a payroll from the following information. After completing the payroll, prepare a cheque and pay adviee slip Tacome Tax Thresbold - 51,540,000 pas an 2.25%; NITT 2% (40 Marks)