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Problem 3 - 7 Determining Budget Variances [ LO 3 - 3 ] Fran Bowen created the following budget: She actually spent $ 3 4

Problem 3-7 Determining Budget Variances [LO3-3]
Fran Bowen created the following budget:
She actually spent $347 for food, $385 for transportation, $1,063 for housing. $213 for clothing, and $285 for personal expenses and recreation. Calculate the variance for each of these categories, and indicate whether it was a deficit or surplus.
Note: Input all amounts as positive values.
\table[[Category,\table[[Variance],[Amount]],\table[[Deficit or],[Surplus]]],[Food,,],[Transportation,,],[Housing,,],[Clothing,,],[Personal expenses and recreation,,]]
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