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: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy-day savings Entertainment: Cake decorating class Movies with friends Monthly expenses: $2,590 Rent obligation $2,170 Utilities/electricity Utilities/water $155 Utilities/cable TV $45 Food Gas/maintenance $40 Credit card payment $75 Car insurance Clothing $270 $130 $50 $190 $175 $255 $55 $95 $195 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses : $2,100 Rent obligation $4,800 Utilities/electricity $5,700 Utilities/water $1,350 Utilities/cable TV Food $7,100 Gas/maintenance $1,250 Credit card payment Car insurance $2,405 Clothing $1,985 Entertainment: Cake decorating class $155 Movies with friends $45 $250 $100 $60 $145 $140 $120 $70 $70 $70 $40 $75 Income (Inflows) Budgeted Amounts - Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Variance Salary Other Total income Budgeted Amounts Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Actual Amounts - Dollar 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 fixed 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 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: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy-day savings Entertainment: Cake decorating class Movies with friends Monthly expenses: $2,590 Rent obligation $2,170 Utilities/electricity Utilities/water $155 Utilities/cable TV $45 Food Gas/maintenance $40 Credit card payment $75 Car insurance Clothing $270 $130 $50 $190 $175 $255 $55 $95 $195 Budgeted Amounts Assets: Checking account Emergency fund savings account Car Computer & iPad Liabilities: Student loan Credit card balance Income: Gross monthly salary Net monthly salary Savings allocation: Regular savings Rainy day savings Monthly Expenses : $2,100 Rent obligation $4,800 Utilities/electricity $5,700 Utilities/water $1,350 Utilities/cable TV Food $7,100 Gas/maintenance $1,250 Credit card payment Car insurance $2,405 Clothing $1,985 Entertainment: Cake decorating class $155 Movies with friends $45 $250 $100 $60 $145 $140 $120 $70 $70 $70 $40 $75 Income (Inflows) Budgeted Amounts - Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Variance Salary Other Total income Budgeted Amounts Dollar Budgeted Amounts - Percent Actual Amounts - Dollar Actual Amounts - Dollar 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 fixed 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
