(Appendix 11A)Stenquist Corporation has provided the following data for January. 
Required:
a.Compute the budget variance for January.Show your work!
b.Compute the volume variance for January.Show your work!
Definitions:
Budget Constraint
The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.
Indifference Curves
Graphical representations in economics showing different combinations of goods that give a consumer equal satisfaction and utility.
Affordable
Describes something that is reasonably priced, or within one's financial means.
Income Earns
The compensation received by an individual or generated by an entity in exchange for labor or services or as earnings from investments.
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