Student Name Income $1700 $1700 $1700 Fixed Expenses Planned Actual Variance Revised $ $ $ $ Total Fixed $ $ $ $ orable Normal text A IC El 5 5 2 Variable Expenses $ $ $ $ Total Variable $ $ $ $ $ $ $ $ Total Expenses Savings $ $ $ $ $ $ $1700 $1700 $1700 Total Expenses With Savings $30 $70 Sam and Sue were married shortly after they graduated from technology school. They planned a budget, but it is difficult to save money for their future goals. They want to take a vacation in 6 months. The travel agent has told them about a 3-day trip to Disney World that includes hotel and airfare for $1200. They would like to take an additional $500 for meals and entertainment expenses. The total they would need for the trip is $1700. Using the figures below, complete the monthly budget form on the following page. First list the Planned budget amounts that Sam and Sue decided upon. Then list the actual expenses they had during the month in the column marked Actual. Decide whether each item is a fixed expense (those which are a specific amount each month) or a flexible expense (those which vary in amount each month). List each amount in the appropriate place on the budget form. Sam and Sue's combined net monthly income is $1700 Sue and Sam's budget includes the following items: Rent $395 Personal Care $90 Electricity Gas and oil Car Payment $225 Medical care $30 Telephone $35 Entertainnlent/Leisure $200 Clothing $125 Gifts/Contributions $80 Car insurance $50 Food $260 Life insurance $20 Sue and Sam's actual expenses for this month were: Rent $425 Personal Care $98 Electricity $23 Gas and oil $86 Car Payment $225 Medical care $50 Telephone $42 Entertainment/leisure $135 Clothing $195 Gifts/Contributions $56 Car insurance $50 Food $260 Life insurance $20 Page 1 / 1 a +