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The accounting department of a sports drink bottling company is checking to see whether the actual expenses of a department differ from the budgeted expenses by

The accounting department of a sports drink bottling company is checking to see 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
Insurance $2,025 $2,060 $

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$

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