Question 03 Cassini Pty Led Variance Report YTD 31. 3. 2017 Account Year to Budget Company's " Variance date recommendation Variance*$ UIF Motor Vehicle EXPENSE 55, 000 56, 000 Major service in March will appear in April to correct . Print , post and Stationery $500 55 50 Not material if less than 5500 . Telephone $ 6, 800 $7000 Not material if less than 5 % . Recommend controls as Entertainment $3, 000 51, 000 per request for assumption revision . Required : ( a ) Prepare a report comparing Year to date to Budget to disclose relevant variances for the four accounts in the Variance Report and signify whether the Variance is Favourable or Unfavourable . ( D) Make recommendations of the four accounts based on the Variance Report . What can be done about the Entertainment expense account ? ( Discuss in 150 - 200 Words )