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A certain company has budgeted $1,440 for entertainment expenses for

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A certain company has budgeted $1,440 for entertainment expenses for [#permalink]

25 Mar 2016, 02:51

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A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations. If by the end of the third month, the total amount spent on entertainment was $300, how much was the company under budget or over budget?

A. $60 under budget
B. $30 under budget
C. $30 over budget
D. $60 over budget
E. $180 over budget

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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink]

25 Mar 2016, 04:10

120/month X3= 360 at the end of third month

Company is $60 under budget
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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink]

28 Feb 2020, 07:06

Expert Reply

Bunuel wrote:

A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations. If by the end of the third month, the total amount spent on entertainment was $300, how much was the company under budget or over budget?

A. $60 under budget
B. $30 under budget
C. $30 over budget
D. $60 over budget
E. $180 over budget

The budget for 3 months of entertainment expenses is 1,440/12 x 3 = 120 x 3 = $360. Since the actual spending for the 3 months was $300, the company was $60 under budget.

Answer: A

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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink]

17 Mar 2020, 06:59

Bunuel wrote:

A certain company has budgeted $1,440 for entertainment expenses for the year, divided into 12 equal monthly allocations. If by the end of the third month, the total amount spent on entertainment was $300, how much was the company under budget or over budget?

A. $60 under budget
B. $30 under budget
C. $30 over budget
D. $60 over budget
E. $180 over budget

1440/12 = 120 a month

For 3 months,
Budgeted spend = 360
Actual = 300

You are under the budget by 60$
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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink]

17 Mar 2020, 06:59

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