Crede Company budgeted selling expenses of $30,300 in January, $34,900 in Februa

Question

Crede Company budgeted selling expenses of $30,300 in January, $34,900 in February, and $40,200 in March. Actual selling expenses were $31,600 in January, $34,600 in February, and $46,300 in March.

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

(How the chart should look)

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

(Choices for difference section are either - favorable, unfavorable, neither unfavorable or favorable).

Explanation / Answer

Selling Expenses Report For the Quarter ending March 31 By Month Year to Date Month Budget Actual Difference Budget Actual Difference January 30300 31600 -1300 30300 31600 -1300 February 34900 34600 300 65200 66200 -1000 March 40200 46300 -6100 105400 112500 -7100

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