Creole Company budgeted selling expenses of $30,000 in January, $35,000 in February, and $40,000 in March. Actual selling expenses were $31,200 in January, $34,525 in February, and $46,000 in March. The company considers any difference that is less than 5% of the budgeted amount to be immaterial. Prepare a selling expense report that compares budgeted and actual amounts by month and for the year to date. For the differences, record a "F" if the difference is Favorable or a "U" if the difference is Unfavorable.

Creole Company

Selling Expense Report

For the quarter Ending March 31

By Month Year to Date

Month Budget Actual Difference (Fav. Budget Actual Difference (Fav.

or Unfav.) or Unfav.)

Jan. $_______ $_________ $______ _______ $_______ $________ $_______ ______

Feb. $_______ $_________ $______ _______ $_______ $________ $_______ ______

March$_______ $_________ $______ _______ $_______ $________ $_______ ______