Please solve both questions:

QUESTION 1 Order these elements of the Variance Analysis Cycle: Conduct next period's operations Prepare performance report Take actions v Analyze variances Identify root causes Raise questions QUESTION 2 Dr. Pepper-Snapple has a water bill of $2,350 but the flex budget allows for $2,195. The spending variance is: $255 Unfavorable $255 Favorable $155 Favorable $155 Unfavorable