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.

Explanation:

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

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