For each variance listed below, enter the appropriate amount in the associated cells. Enter all amounts as positive numbers. In the last column, select whether the variance is favorable or unfavorable.

Variance	Amount	Favorable or unfavorable?
1. Static budget revenue variance
2. Sales price variance
3. Sales volume variance
4. Flexible budget variable expense variance

Bank deposit

	Total Liability (in millions)	Bank Vault (in millions)	Federal Reserve Deposits (in millions)
The Peoples Bank	$12	$0.5	$0.7
The Royal Bank	$120	$3.2	$6.8
The National Bank	$20	$0.2	$0.8

New bank reserved requirement

Liability Type	Reserves Requirement
	% of Liabilities	Effective Date
$0 to $15.5 million	0	12-1-Year 9
More than $15.5 million through $115.1 million	5	12-1-Year 9
More than $115.1 million	10	12-1-Year 9
NOTE: % is applied at the aggregate level (not at each incremental level)

Business Cycle for country X

Full-employment output and MPC

Year	Full-Employment Output (in billions)	Marginal Propensity to Consume (MPC)
Year 1	$540	0.6
Year 3	$700	0.75
Year 9	$700	0.9