Monty Company budgeted selling expenses of $29.400 in January, 534,300 n February, and $39,200 in March. Actual selling expenses were $30,540 in January 533,830 in February, and 545,080 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.

Monty Company budgeted selling expenses of $29.400 in January, 534,300 n February, and $39,200 in March. Actual selling expenses were $30,540 in January 533,830 in February, and 545,080 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.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 3CMA: Ming Company has budgeted sales at 6,300 units for July, and desires to have 590 good units on hand...

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