With the relevant calculations, identify the most significant favourable variance and which is the most significant unfavourable variance. Provide a possible cause for each of these variances.

Question 14 (4 points) Performance Report for Country Tours Ltd Controllable Expenses Budget Actual Advertising $16,500 $18,700 Entertainment $42,000 $39,500 Staff Wages $125,100 $135,100 Travel $15,000 $12,400 Telephone $8,800 $8,000 Required With relevant calculations, identify the most significant favourable variance and which is the most significant unfavourable variance. Provide a possible cause for each of these variances