Question 3 (20 Marks) (a) Complete the following summary data from a performance report for Charlie's Chocs for the current month by calculating the budget variances (in dollar terms) and identifying each as favourable or unfavourable (6 marks) Budget Actual S Differences $ Favourable (Unfavourable) Sales 65,600 52,000 Cost of chocolates sold (27.100) (19,000) Advertising (10,000) (6,000) Delivery charges (4,500) (3,000) Fixed overheads (5,550) (6.200) Profit 17,200 18,500 by Charlie is pleased actual operating profit meets budgeted for the month Do you think Charlie has reason to be pleased? Analyse the performance report to support your answer (9 marks) L) Focus ENG 9:35 3/12/ 98%