Question textToys 4 You now have their actual performance for July 2022 and have asked you to prepare a report that matches actual performance to budgeted performance. They wish is know if they performed favourably or unfavourably to their budget. For the dollar amount of the variance, determine the amount without + or – . ie if the amount is -300 record the amount as 300. Do not include $ , or decimal places in your amounts Toys 4 You Income Statement Budget and Actual for the month ending 31 July 2022[table] | Budget | Actual | $ Variance | Favourable or Unfavourable Cash sales | 16500 | 20800 | Answer 1 Question 1 | Answer 2 Question 1 FavourableUnfavourableNo Variance Credit Sales | 33000 | 31000 | Answer 3 Question 1 | Answer 4 Question 1 FavourableUnfavourableNo Variance Less Cost of Sales | 19800 | 20700 | Answer 5 Question 1 | Answer 6 Question 1 FavourableUnfavourableNo Variance Gross Profit | 29700 | 31100 | Answer 7 Question 1 | Answer 8 Question 1 FavourableUnfavourableNo Variance Other Income | | | | Discount Revenue | 345 | 320 | Answer 9 Question 1 | Answer 10 Question 1 FavourableUnfavourableNo Variance Less Other Expenses | | | | Advertising Expense | 250 | 320 | Answer 11 Question 1 | Answer 12 Question 1 FavourableUnfavourableNo Variance Discount Expense | 300 | 310 | Answer 13 Question 1 | Answer 14 Question 1 FavourableUnfavourableNo Variance Depreciation Expense | 125 | 125 | Answer 15 Question 1 | Answer 16 Question 1 FavourableUnfavourableNo Variance Insurance Expense | 1000 | 1050 | Answer 17 Question 1 | Answer 18 Question 1 FavourableUnfavourableNo Variance Security and Cleaning | 280 | 280 | Answer 19 Question 1 | Answer 20 Question 1 FavourableUnfavourableNo Variance Telephone Expenses | 240 | 210 | Answer 21 Question 1 | Answer 22 Question 1 FavourableUnfavourableNo Variance Wages | 5040 | 4900 | Answer 23 Question 1 | Answer 24 Question 1 FavourableUnfavourableNo Variance Net Profit | 22810 | 24225 | Answer 25 Question 1 | Answer 26 Question 1 FavourableUnfavourableNo Variance [/table]