B D E F G H L 1 Data Set 1 Budgeted Costs $ 850,000 $ 225,000 $ 399,000 $ 104,000 $ 250,000 $ 1,828,000 $ $ $ $ $ $ Actual Costs 865,000 218,000 442,500 21,750 345,000 1,892,250 $ $ $ $ $ $ $ Variance F/(U) (15,000) 7,000 (43,500) 82,250 (95,000) (64,250) % Variance Fl(U) -1.8% 3.1% -10.9% 79.1% -38% -3.4% Q1 Are TOTAL actual costs favorable or unfavorable to budget? By What Percentage? Type answer here Department (Primary Cost Bucket) 3 Purchasing (Supplies) 4 Processing (Labor) 5 Assembly (Labor, Maintenance) 6 Polishing (Labor) 7 Packing & Shipping (Transportation) 8 TOTALS 9 10 Using Data Set 1, answer questions 1-5. 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Q2 What percentage are TOTAL actual costs favorable or unfavorable to budget? By How Much? Type answer here Q3 Based on Actual Costs by Department, what departments should Management intervene to reduce actual costs? Type answer here Q4 Based on % Variance by Department, does Polishing's budget appear accurate? Why or why not? Type answer here Q5 Knowing the primary cost bucket by department, where must Management focus efforts? How come? Type answer here