Explain calculate the budget variance

Question

Using the variance formula, calculate the budget variance in the following scenarios:

1. The HIM supply budget for last quarter was $3000; the actual amount spent was $4,000.
2. The HIM education and training budget was $1,000; the actual amount spent was $2,000.
3. The coding department had an estimated quarterly operation budget of $62,000; the actual cost of operation was $76,000.