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. (Input all amounts as positive values.) Item Budgeted Actual Variance Deficit/Surplus Food $ 360 $ 298 $ 62 correct surplus correct Transportation $ 320 $ 334 $ 14 correct deficit correct Housing $ 950 $ 982 $ 32 correct deficit correct Clothing $ 110 $ 134 $ 24 correct deficit correct Personal $ 275 $ 231 $ 44 correct surplus correct

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. (Input all amounts as positive values.)

Item	Budgeted		Actual		Variance	Deficit/Surplus
Food	$	360	$	298	$ 62	surplus
Transportation	$	320	$	334	$ 14	deficit
Housing	$	950	$	982	$ 32	deficit
Clothing	$	110	$	134	$ 24	deficit
Personal	$	275	$	231	$ 44	surplus