Sheffield Company budgeted selling expenses of $33,000 in January, $38,500 in February, and $44,000 in March. Actual selling expenses were $34,260 in January, $37,970 in February, and $50,600 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. SHEFFIELD COMPANY Selling Expense Report