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The Finance Club prepares a budget for a trip. They expect to use 10 gallons of gas and pay $3.40 per gallon. In addition, they

The Finance Club prepares a budget for a trip. They expect to use 10 gallons of gas and pay $3.40 per gallon. In addition, they estimate buying 2 meals at a cost of $250 per meal. They actually use 9 gallons and pay $3.50 per gallon and spend $630 for 3 meals. From the foregoing information, compute the following variances. Indicate whether the variance is favorable (F) or unfavorable (U): (Show your work!) a. Gasoline price variance. b. Gasoline quantity variance. c. Meal price variance. d. Meal quantity variance

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