The Sales Department had been allocated $20,000 for the year.
The actual expenses incurred in the year were:
Transport $5,000
Advertising $3,500
Travel Expenses $1,700
Salary $10,000
Other expenses $ 2,300
Has there been an over budgeting or under budgeting, and by how much?
A. over budgeting by $2,500
B. under budgeting by $2,500
C. over budgeting by $22,500
D. under budgeting by $12,500