35. Conduct a budget variance analysis for LMN Corporation by department using the following data:

Department	Budgeted Amount ($)	Actual Amount ($)
Department A	$100,000	$110,000
Department B	$80,000	$75,000
Department C	$120,000	$130,000

Requirements:

• Calculate the variance for each department.
• Analyze the variances into favorable and unfavorable components.
• Present the analysis in a detailed table format.
• Discuss potential reasons for budget variances and recommend corrective actions.