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Compare expenses. What is the variance and percent difference between the actual and budgeted amounts? Instead of indicating positive or negative values, determine whether the
Compare expenses. What is the variance and percent difference between the actual and budgeted amounts? Instead of indicating positive or negative values, determine whether the variance is favorable (F) or unfavorable (U) for the organization strictly in the dollar amount. Use the dietary example to calculate the remaining areas. Format the percentages with one number past the decimal point. Include the % symbol at the end. Category Budget Actual Variance Percentage Difference Favorable or Unfavorable Dietary 652,450 625,300 27,150 F 625,300-652,450 1625,300=0.0416; 4.3% Laundry 60,000 52,880 7,120 Housekeeping 1,150,575 1,142,914 7,661 Security 375,100 390,431 15,331 Total 2,238,125 2,211,525 26,600
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