Question

Riverbed Company budgeted selling expenses of $29,900 in January, $34,200 in February, and $39,400 in March....

Riverbed Company budgeted selling expenses of $29,900 in January, $34,200 in February, and $39,400 in March. Actual selling expenses were $31,200 in January, $33,520 in February, and $46,500 in March.

(a)

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

RIVERBED COMPANY
Selling Expense Report

For the Quarter Ending March 31For the Month Ending March 31For the Year Ending March 31

By Month

Year-to-Date

Month

Budget

Actual

Difference

Budget

Actual

Difference

January

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

February

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

March

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

$

$

$

FavorableUnfavorableNeither favorable nor unfavorable

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Answer #1

Answer

For the quarter ending Mar 31
By Month Year to Dare
Month Budget Actual Difference Budget Actual Difference
January $29,900 $31,200 $1,300 Unfavourable $29,900 $31,200 $1,300 Unfavourable
Februay $34,200 $33,520 $680 Favourable $64,100 $64,720 $620 Unfavourable
March $39,400 $46,500 $7,100 Unfavourable $103,500 $111,220 $7,720 Unfavourable
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