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Identily eacn sta E24-2 Crede Company budgeted selling expenses of $30,000 in January, $35,000 in Febru ary, and $40,000 in M
Irstructionsbol berr 10011b month and for the year to date.d od (b) What is the purpose of the report prepared in (a), and wh
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Answer #1

(a)

Selling Expense Variance Analysis Month Budgeted Actual Variance Favourable! Unfavourable January February March YTD 30000 35

(b) The Selling expense report prepared in (a) above would facilitate in analyzing the variances from budgeted costs and possible causes of such variances. The primary recipient of the above report would be finance manager as he would need the analysis for allocating further budget to the Sales Department after ascertaining the possible causes of the Variances.

(c) Management would get to know the Unfavorable Variance of $ 6725 for the year to date, and would be able to allocate budget accordingly.

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