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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Fran Powers created the following budget and reported the actual spending listed. Calculate the variance for each of these categories, and indicate whether it was a deficit or a surplus.
Â
Item Budgeted Actual Variance Deficit/Surplus
Food $350 $298 ______ ________
Transportation 320 337 ______ ________
Housing 950 982 ______ ________
Clothing 100 134 ______ ________
Personal 275 231 ______ ________
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Food $52 surplus; transportation $17 deficit; housing $32 deficit; clothing $34 deficit; personal expenses $44 surplus.
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