Exercise 1. Budgeting "Moon Fire BBQ" reported June 2019 Budget Summary below: Budget Actual Revenue $ 53,000 $ 54,900 Food Cost $ 8,250 $ 8,000 Fixed Labor $ 5,820 $ 5,780 Variable Labor $ 2,000 $ 2,350 Repair and Maintenance 800 $ 780 Interest S 500 $ 450 It uses a significance threshold of $500 and 5% for revenuesand$150 and 3% for expenses. Calculate the actual to budget variances for each line item and identify favorability and significance variances (fill the blanks below) Variances Significance Favorability % Revenue Food Cost Fixed Labor Variable Labor Repair and Maintenance Interest