Exercise 22-2

Crede Company budgeted selling expenses of $29,900 in January, $34,200 in February, and $39,400 in March. Actual selling expenses were $31,200 in January, $33,520 in February, and $46,500 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

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