37. Conducting a budgeting analysis for a department, the following data is provided:

Category	Budgeted Amount ($)	Actual Amount ($)
Personnel	90,000	95,000
Supplies	25,000	22,000
Utilities	12,000	13,000
Maintenance	15,000	16,000

Your requirements are as follows:

• Calculate the variance for each budget category.
• Analyze the variances into favorable and unfavorable components.
• Present the analysis in a budget variance report.
• Provide a paragraph discussing potential reasons for budget variances.
• Discuss the implications of budget variances on future planning.
• Include a bullet list of recommendations for improving budget accuracy.