Exercise 22-2 Crede Company budgeted selling expenses of $29,457 in January, $34

Question

Exercise 22-2

Crede Company budgeted selling expenses of $29,457 in January, $34,372 in February, and $39,746 in March. Actual selling expenses were $31,294 in January, $33,768 in February, and $47,319 in March.

(a)

Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date.

CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31

By Month

Year-to-Date

Month

Budget

Actual

Difference

Budget

Actual

Difference

January

February

March

CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31

By Month

Year-to-Date

Month

Budget

Actual

Difference

Budget

Actual

Difference

January

$

$

$

FUN

$

$

$

FUN

February

$

$

$

FUN

$

$

$

FUN

March

$

$

$

FUN

$

$

$

FUN

Explanation / Answer

Month Budget Actual Difference Budget Actual Difference Janauary $29,457 $31,294 1,837(U) 95,123 112,381 17,258(U) February $34,372 33,768 604(F) March $31,294 47,319 16,025(U)

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