Exercise 22-2 Crede Company budgeted selling expenses of $30,300 in January, $34,900 in February, and $40,200 in March. Actual selling expenses were $31,600 in January, $34,600 in February, and $46,300 in March. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date.

Question

Vincent Simon

Business

26 February, 00:57

Exercise 22-2 Crede Company budgeted selling expenses of $30,300 in January, $34,900 in February, and $40,200 in March. Actual selling expenses were $31,600 in January, $34,600 in February, and $46,300 in March. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date.

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Liu · Answer 1

The preparation of the selling expense report for the year to date is presented below:

Crede Company

Selling Expense Report

For month

Month Budget Actual Difference

January $30,300 $31,600 $1,300 unfavorable

February $34,900 $34,600 $300 favorable

March $40,200 $46,300 $6,100 unfavorable

For the year to date

Month Budget Actual Difference

January $30,300 $31,600 $1,300 unfavorable

February $34,900 $34,600 $300 favorable

March $40,200 $46,300 $6,100 unfavorable