ato abele, 3f furniture, monthly income, fixed expenditure, variable expenditure, personal saving, budgeted variable expenditures, actual variable expenditures, deficit, surplus

all level three questions project 1 · ato abele is the newly employee who works at 3f furniture and his monthly income is birr 10,000 in the month of december 21,2015. his fixed expenditure covers 30% of his income and the remaining is his variable expenditure and personal saving. personal saving is 2% of the variable expenditures. and the actual variable expenditures is only 85% of the budgeted variable expenditures. and the fixed expenditures remain constant. and deficit or surplus is added or deducted from personal saving. at the newly year january1,2016 his income increased by 10%.and at january1,2016 his variable expenditure increased or growth by 10%. task1.1. prepare the personal budget for the month of december 21, 2015? task1.2. …

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