CREDE COMPANY Selling Expense Report For the Quarter Ending March 31 By Month Ye
ID: 2444588 • Letter: C
Question
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
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Crede Company budgeted selling expenses of $30,691 in January, $35,749 in February, and $40,193 in March. Actual selling expenses were $32,508 in January, $35,336 in February, and $46,941 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
$
$
$
FUN
$
$
$
FUN
February
$
$
$
FUN
$
$
$
FUN
March
$
$
$
FUN
$
$
$
FUN
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Explanation / Answer
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month
Year to date
Month
Budget
Actual
Difference
Budget
Actual
Difference
January
30,691.00
32,508.00
-1,817.00
3,37,601.00
3,57,588.00
-19,987.00
February
35,749.00
35,336.00
413.00
3,93,239.00
3,88,696.00
4,543.00
March
40,193.00
46,941.00
-6,748.00
4,42,123.00
5,16,351.00
-74,228.00
We can see in above chart. Budgeted expenses is more than actual expenses by $1817.00 in january less than by $413 in february and again more than $6748.00 in march. We can assume same budget and expenese in yearly also. Accordingly we can see figures in above chart.
By Month
Year to date
Month
Budget
Actual
Difference
Budget
Actual
Difference
January
30,691.00
32,508.00
-1,817.00
3,37,601.00
3,57,588.00
-19,987.00
February
35,749.00
35,336.00
413.00
3,93,239.00
3,88,696.00
4,543.00
March
40,193.00
46,941.00
-6,748.00
4,42,123.00
5,16,351.00
-74,228.00