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Exercise 22-2 Crede Company budgeted selling expenses of $31,000 in January, $34,600 in February, and $40,400...

Exercise 22-2

Crede Company budgeted selling expenses of $31,000 in January, $34,600 in February, and $40,400 in March. Actual selling expenses were $32,700 in January, $34,000 in February, and $47,400 in March.

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

 $

$

$

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

Exercise 22-2

Crede Company budgeted selling expenses of $31,000 in January, $34,600 in February, and $40,400 in March. Actual selling expenses were $32,700 in January, $34,000 in February, and $47,400 in March.

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

 $

$

$

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
CREDE COMPANY
Selling Expense Report
For the Quarter Ending March 31
By Month Year-to-Date
Month Budget Actual Difference Budget Actual Difference
January 31000 32700 1700 Unfavorable 31000 32700 1700 Unfavorable
February 34600 34000 600 Favorable 65600 66700 1100 Unfavorable
March 40400 47400 7000 Unfavorable 106000 114100 8100 Unfavorable
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