Problem 3-7 Determining Budget Variances [LO3-3] Fran Bowen created the following budget: Budget Food Transportation Housing Food $369 322 1,007 Category She actually spent $396 for food, $431 for transportation, $1,016 for housing, $158 for clothing, and $270 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. Clothing Personal expenses and recreation Transportation Housing Clothing Personal expenses and recreation Variance Amount $103 280 Deficit or Surplus