67. Analyze budget variances for a department with the following data:

Category	Budgeted Amount ($)	Actual Amount ($)
Personnel	180,000	190,000
Supplies	40,000	38,000
Utilities	25,000	28,000
Maintenance	30,000	32,000

Requirements:

• Calculate the variance for each budget category.
• Analyze the variances into favorable and unfavorable components.
• Present the analysis in a budget variance report.
• Discuss potential reasons for budget variances.
• Identify implications for future planning.
• Provide recommendations for improving budget accuracy.