3.1 You get a job in a company. The Manager wants to check if the 2020 Financials are under control. He gives you the Table information below for 2020 and asks the following questions? 3.1.1 What is Pareto? (3) 2.2.2 Is the Total budget overspent or underspent? By what percentage? (3) 2.2.3 Which department would you focus on in the following year (2021) if the (5) budget is to be under control? Why? Number 310 320 EXPENDITURE FOR ALL COST CENTRES 2020 (IN RANDS) Cost center Budget Actual Spend Balance Transport 200 000 120 080 79 920 Workshops 150 000 76 870 73 130 Production 600 000 781 190 181 190 Laboratory 100 000 100 230 -230 Total 1 050 000 1 078 370 -28 370 [11] 330 340