Question

Find the difference between budget and expenditure. Find the percentage like the example

Monthly Budgetary Control Worksheet Expense Budgeted Actual Difference Category Amount Expenditure from Budget Labor $162,500 $195,000 Raw materials 172,500 151,500 Utilities 6,500 6,300 Maintenance 9.750 8,950 Other variable expenses 16,750 18,000 Fixed overhead expenses 25,000 25,000 Total Expenses $393,000 $404,750

EXAMPLE

Answer 1

Expense Category	Budgeted Amount	Actual Expenditure	Difference From Budget
Labor	162,500	195,000	32,500	20.0%
Raw materials	172,500	151,500	-21,000	-12.2%
Utilities	6,500	6,300	-200	-3.1%
Maintenance	9,750	8,950	-800	-8.2%
Other variable expenses	16,750	18,000	1,250	7.5%
Fixed overhead expenses	25,000	25,000	-	0.0%
Total Expenses	$393,000	$404,750	$11,750	3.0%

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