Monty Company budgeted selling expenses of $29,400 in January, $34,300 in February, and $39,200 in March. Actual selling expenses were $30,540 in January, $33,830 in February, and $45,080 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. By Month

Monty Company budgeted selling expenses of $29,400 in January, $34,300 in February, and $39,200 in March. Actual selling expenses were $30,540 in January, $33,830 in February, and $45,080 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. By Month

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 4EB: Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February,...

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