Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fran Bowen created the following budget: Budget Food $ 369 Clothing $ 142 Transportation 393 Personal expenses and recreation 296 Housing 987 She actually spent

Fran Bowen created the following budget:

Budget
Food $ 369 Clothing $ 142
Transportation 393 Personal expenses and recreation 296
Housing 987

She actually spent $374 for food, $419 for transportation, $1,056 for housing, $138 for clothing, and $235 for personal expenses and recreation. Calculate the variance for each of these categories, and indicate whether it was a deficit or surplus. (Input all amounts as positive values.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Differentiate tan(7x+9x-2.5)

Answered: 1 week ago

Question

Explain the sources of recruitment.

Answered: 1 week ago

Question

Differentiate sin(5x+2)

Answered: 1 week ago

Question

Compute the derivative f(x)=1/ax+bx

Answered: 1 week ago

Question

What is the purpose of the Occupational Safety and Health Act?

Answered: 1 week ago

Question

Discuss globalization issues for small to medium-sized businesses.

Answered: 1 week ago