In Exercises 9598, the accounting department of a company is checking to determine

Chapter 0, Problem 95

(choose chapter or problem)

In Exercises 95–98, the accounting department of a company is checking to determine whether the actual expenses of a department differ from the budgeted expenses by more than $500 or by more than 5%. Fill in the missing parts of the table and determine whether the actual expense passes the “budget variance test.”

                            Budgeted Expense, b     Actual Expense, a       | a - b |            0.05b