Rich budgets $2,500 in expenses for the month of January. He constructed the two graphs below.

Using prior year's data and the budget he has created, he has budgeted the transportation category for the year as follows.

Each of the monthly percentages is an increase or decrease from the January amount.
a. How much did Rich budget for fixed and variable expenses in January?
b. How much did he budget for transportation?
c. Determine the monthly budgeted amounts for transportation based upon your answer to part b.
d. Construct a line graph to chart the changes in Rich's transportation budget over time.

Transcribed Image Text:

January Budget January Budget - Variable Expenses Personal 12% Entertainment 13% Variable 40% Food 30% Fixed 60 Transportation 3% Utilities 22% Jan Feb Mar Apr May June July Aug Sept octNovDec Use charts | +10% | +5% | +3% | +5% | +8% | +2% 1-5% 1-3% | +5% | +896] +10%