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Budget Controlling

The German trading company's actual income and expenses differed from its estimated budget. Actual net sales were $6,000 lower than estimated, but interest income and asset sales gains matched estimates. Overall income was $5,850 lower than budgeted. Expenses were $4,870 under budget, with personnel expenses $4,400 lower due to unused employee benefits. While some operating expenses were under budget, others like cash discounts and rent were over budget, leaving operating expenses $470 lower than estimated. As a result, the actual balance was $980 lower than projected.

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Lester Erlano
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34 views

Budget Controlling

The German trading company's actual income and expenses differed from its estimated budget. Actual net sales were $6,000 lower than estimated, but interest income and asset sales gains matched estimates. Overall income was $5,850 lower than budgeted. Expenses were $4,870 under budget, with personnel expenses $4,400 lower due to unused employee benefits. While some operating expenses were under budget, others like cash discounts and rent were over budget, leaving operating expenses $470 lower than estimated. As a result, the actual balance was $980 lower than projected.

Uploaded by

Lester Erlano
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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GERLANY TRADING

BUDGET CONTROL
INCOME SOURCE ESTIMATED ACTUAL DIFFERENCE BUDGET OVERVIEW
Net sales 60,000.00 54,000.00 (6,000.00)
Interest income 3,000.00 3,000.00 0.00 BUDGET TOTALS ESTIMATED ACTUAL DIFFERENCE
Asset sales (gain/loss) 300.00 450.00 150.00 Income 63,300.00 57,450.00 (5,850.00)
Total 63,300.00 57,450.00 (5,850.00) Expenses 54,500.00 49,630.00 4,870.00
Balance (Income minus Expenses) 8,800.00 7,820.00 (980.00)
PERSONNEL EXPENSES ESTIMATED ACTUAL DIFFERENCE
Wages 9,500.00 9,600.00 (100.00)
Employee benefits 4,000.00 4,000.00
Commission
ACTUAL VS ESTIMATED OVERVIEW
5,000.00 4,500.00 500.00
Total Personnel 18,500.00 14,100.00 4,400.00 Income Expenses

70,000.00
OPERATING EXPENSES ESTIMATED ACTUAL DIFFERENCE
Advertising 3,000.00 2,500.00 500.00 60,000.00
Bad debts 2,000.00 2,000.00 0.00
Cash discounts 1,500.00 2,175.00 (675.00) 50,000.00
Delivery costs 2,000.00 1,500.00 500.00
Depreciation 1,000.00 1,000.00 0.00 40,000.00
Dues and subscriptions 500.00 525.00 (25.00)
Insurance 1,300.00 1,275.00 25.00 30,000.00
Interest 2,000.00 2,200.00 (200.00)
Legal and auditing 1,000.00 800.00 200.00 20,000.00
Maintenance and repairs 4,500.00 4,600.00 (100.00)
Office supplies 800.00 750.00 50.00 10,000.00
Postage 400.00 350.00 50.00
Rent or mortgage 4,100.00 4,500.00 (400.00) 0.00
Sales expenses 350.00 400.00 (50.00) ESTIMATED ACTUAL
Shipping and storage 900.00 840.00 60.00
Supplies 5,000.00 4,500.00 500.00
Taxes 3,000.00 3,200.00 (200.00)
Telephone 250.00 280.00 (30.00)
Utilities 1,400.00 1,385.00 15.00
Other 1,000.00 750.00 250.00
Total Operating 36,000.00 35,530.00 470.00

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