Jamie Lee is reviewing her finances one month later. She has provided the actual amounts paid below. Use the cash budget table below to help her identify the variances in her budget. Each answer must have a value for the assignment to be complete. Enter "0" for any unused categories. 

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Actual Amounts Income: Monthly expenses: Gross monthly salary $2,775 $2,210 Rent obligation Utilities/electricity $350 $165 $85 Net monthly salary Savings allocation: Utilities/water $120 $45 Regular savings Utilities/cable TV $155 Rainy-day savings Food $255 Entertainment: Gas/maintenance $250 Credit card payment $80 $40 Cake decorating class $90 $120 $190 Movies with friends Car insurance Clothing Budgeted Amounts Monthly Expenses: Rent obligation Assets: Checking account $1,750 $325 Emergency fund $4,100 Utilities/electricity $130 savings account $5,000 $1,000 Car Utilities/water $95 Computer & iPad Utilities/cable TV $110 Liabilities: Food $220 $6,400 $900 $150 $100 Student loan Gas/maintenance Credit card balance Credit card payment Income: Car insurance $100 Gross monthly salary $2,625 $2,060 Clothing $100 Net monthly salary Entertainment: $80 $40 Savings allocation: Cake decorating class Regular savings $120 Movies with friends Rainy day savings $45 Actual Amounts Income: Monthly expenses: Gross monthly salary $2,775 $2,210 Rent obligation Utilities/electricity $350 $165 $85 Net monthly salary Savings allocation: Utilities/water $120 $45 Regular savings Utilities/cable TV $155 Rainy-day savings Food $255 Entertainment: Gas/maintenance $250 Credit card payment $80 $40 Cake decorating class $90 $120 $190 Movies with friends Car insurance Clothing Budgeted Amounts Monthly Expenses: Rent obligation Assets: Checking account $1,750 $325 Emergency fund $4,100 Utilities/electricity $130 savings account $5,000 $1,000 Car Utilities/water $95 Computer & iPad Utilities/cable TV $110 Liabilities: Food $220 $6,400 $900 $150 $100 Student loan Gas/maintenance Credit card balance Credit card payment Income: Car insurance $100 Gross monthly salary $2,625 $2,060 Clothing $100 Net monthly salary Entertainment: $80 $40 Savings allocation: Cake decorating class Regular savings $120 Movies with friends Rainy day savings $45

Answer rating: 100% (QA)

Income Inflows Budgeted Amounts Dollar Percent Actual Amounts Variance Salary 2060 NaN 2... View the full answer