BUISENESS MANAGEMENT
RECORD KEEPING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The LaBelles prepared an expense summary. They had planned to spend $380.00 on food for the previous month but actually spent $391.25. How much more or less did they spend on food than they had budgeted for?
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$8.75 less
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$8.75 more
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$11.25 less
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$11.25 more
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Explanation:
Detailed explanation-1: -A plan that lists the types and amounts of selling expenses expected during the budget period is called a(n): Sales budget.
Detailed explanation-2: -Irregular expenses are those bills that you only pay once per quarter, once per year, or on an as-needed basis. Because you seldom think about them, it’s easy to forget about them until they’re due-and you have to scramble to come up with the cash to pay them.
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