17. Perform a variance analysis for LMN Corporation based on the following data:

Category	Budgeted Amount ($)	Actual Amount ($)
Revenue	$200,000	$180,000
Cost of Goods Sold	$100,000	$110,000
Operating Expenses	$50,000	$55,000

Requirements:

• Calculate the variance for each budget category.
• Analyze the variances into favorable and unfavorable components.
• Present the analysis in a detailed table format.
• Discuss potential reasons for budget variances and recommend corrective actions.