A department reports the following (for the past year); Budgeted Actual Difference %Variance Salaries 250,000 260,000 Supplies 1,500 1,640 1,400 1,400 Contract Obligations Continuing Education 2,000 1,960 a. Indicate the amount of difference for each category and include the use of a plus (+) sign if over the budgeted amount and a minus (-) if under budget. Salaries $ Supplies Contracts Obl. $ Cont. Ed. $ b. Calculate the percent of variance for each. Salaries 9 Supplies % Contracts Obl. 96 % Cont. Ed