Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete. Enter "O" for any unused categories. Actual Amounts Income: Monthly expenses: Gross monthly salary $2,720 Rent obligation $340 Net monthly salary $2,160 Utilities/electricity $155 Savings allocation: Utilities/water $60 Regular savings $195 Utilities/cable TV $145 Rainy day savings $40 Food $240 Entertainment: Gas/maintenance $240 Cake decorating class $75 Credit card payment Movies with friends $95 Car Insurance $110 Clothing $240 #2 $75 $320 $1,700 $125 $4,000 $4,900 $950 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & IPad Llabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses: Rent obligation Utilities electricity Utilities/water Utilities/cable TV Food Gas/maintenance Credit card payment Car Insurance Clothing Entertainment: Cake decorating class Movies with friends $90 $105 $210 $145 $95 $6,300 $850 $95 $95 $2.575 $2.015 $75 $95 $195 $40 2015 Salary Other Total income Amounts 100% 5 2,160 0% $ 100% $ 2,160 $ (145) 0 (145) #2 2,015 Budgeted Amounts Dollar Percent Actual Amounts Variance $ 4000 4,000 195 0 $ $ $ $ 198.51% 5 9.68% s 1.99% 5 210.18% $ 40 4,235 195 $ 40 $ 235 $ 0 4,000 $ 320 340 $ (20) $ 0 $ 0 15.88% 5 0.00% 0.00% 0.00% 0.00% 15.88% $ 0 $ $ 0 $ 320 340 $ (20) Disbursements (Outflows) Emergency fund savings Emergency fund Savings (regular) Savings Total savings Fixed expenses Mortgage or rent Property taxes Loan/credit card payment Insurance Other Total foxed expenses Variable expenses Food Utilities Clothing Transportation costs Personal care Medical and health care Entertainment Education Gifts/donations Miscellaneous Other Total variable expenses Total expenses $ $ 0 $ 0 $ 0 $ 0 $ 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5 226.05% S $ 0 $ 0 $ 0 $ 0 0 $ S 0 0 0 $ $ 4,555 575 $ 3,980