Given the information below, answer the questions from #32 to #34. As a manager, you want to analyze only significant budget variances on a monthly basis. Your company recommends the criteria below to determine if the budget variances are significant.

(1) Revenues (sales)	If both $variance exceeds $5,000 and %variance exceeds 4%, the variance is significant.
(2) Fixed Expenses (F)	If $variance exceeds $100, the variance is significant.
(3) Variable Expenses (V)	If both $variance exceeds $500 and %variance exceeds 2%, the variance is significant.

Period: Nov 1-30, 2019	Budget	Actual	$ Variance	% Variance	Sig/Non-sig	Favorable /Unfavorable
Room Sales	$200,000	$196,000
Food Sales	$50,000	$65,000
Cost of Food Sold (V)	$15,000	$16,000
Labor (F)	$10,000	$9,700
Labor (V)	$15,000	$15,200
Supplies (V)	$2,500	$2,700
Franchise Fees (V)	$4,000	$4,480
Depreciation (F)	$6,000	$6,000
Insurance (F)	$3,000	$2,050
Property taxes (F)	$3,000	$3,000

1) What are the $ variance and % variance in Room Sales during this period? Determine whether this variance is significant.

2) What are the $ variance and % variance in Cost of Food sold during this period? Determine whether this variance is significant.

3) Which account shows significant and unfavorable variance during this period?