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Crede Company budgeted selling expenses of $29,500 in January, $35,600 in February, and $39,300 in March

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Crede Company budgeted selling expenses of $29,500 in January, $35,600 in February, and $39,300 in March. Actual selling expenses were $31,200 in January, $35,110 in February, and $46,400 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

$

$

$

 

Favorable

Unfavorable

Neither favorable nor unfavorable

$

$

$

 

Favorable

Unfavorable

Neither favorable nor unfavorable

February

$

$

$

 

Favorable

Unfavorable

Neither favorable nor unfavorable

$

$

$

 

Favorable

Unfavorable

Neither favorable nor unfavorable

March

$

$

$

 

Favorable

Unfavorable

Neither favorable nor unfavorable

$

$

$

Favorable

Unfavorable

Neither favorable nor unfavorable