Activity 6: Report on budget and expenditure Activity context: Due to decreasing the budget for maintenance and repair cost, some of the machines were not repaired during the first two quarters. This led to the breakdown in the machinery and occurrence of an extra cost of maintenance of $3000 in the third quarter. Further, the office supplies accounted for an extra $500 in the fourth quarter. Description of the activity: This activity requires you to report on the forested budget and the actual expenses accrued. To do so, you are required: - Calculate the actual expenditure . Analyse variance between the actual and budgeted finances - Document the variances identified