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

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Bunuel
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A certain company has budgeted $1,440 for entertainment expenses for [#permalink] New post   25 Mar 2016, 03:51
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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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A
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Divyadisha
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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink] New post   25 Mar 2016, 05:10
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] New post   28 Feb 2020, 08:06
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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] New post   17 Mar 2020, 07:59
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] New post   25 Sep 2021, 08:14
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Correct option A
Under the budget = less utilized than actual
Over the budget = More utilized than actual
$1440/ 12 month = $120 / month,
for 3 Months utilization must be $120 x 3 months = $360,
but utilization was only $300, which is less than actual estimate to be spend
Correct Option : (A) $60 under the budget
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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink] New post   03 Jan 2023, 03:30
Hello from the GMAT Club BumpBot!

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Re: A certain company has budgeted $1,440 for entertainment expenses for [#permalink]
03 Jan 2023, 03:30
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