Analysis of an expenditure variance . Analyse the budget variance in terms of price and quantity factors. . Is spending less on inventory than was budgeted necessarily always 'favourable"? The following data is available for Ballan Ltd: Actual purchases of inventory (8,000 items) $ 49,600 Purchases budget (8,420 items) $54,730 Variance $ 5,130 F To complete this exercise, click on the following link to answer the question. Exercise 8.2