4

Complete the variance analysis table below by calculating the variances calculating the variance % to 2 decimal places Indicating whether the variance is Favourable (F) or Unfavourable (UX Marted out of 13:50 Flag gosto 7 A- B 1 % ITEM BUDGET ACTUAL VARIANCE VARIANCE FAVOURABLE (F) PREDICTION RESULT $ % or UNFAVOURABLE (U) Salaries 120,000 135,000 Office expenses 1,000 750 Insurance expense 1.300 1.300 Cash sales 140,000 181.000 Service revenue 14,000 13,500 65.000 78,000 Account receivable collections 80,000 0 Inventory purchases Creditor payments Capital contribution 15,000 14,500 22.000 28,000