Answer:
The cost exceeded the budgeted cost by 14%
Explanation:
Supplies for last year cost 1,477, which was 177 over budget. So, the budgeted cost was: 1477 - 177 = 1300
Suppose, the cost of supplies exceeded the budgeted cost by
So, the amount of exceeded cost dollar.
Thus, the equation will be......
13x = 177
x= 177/13 = 13.615 = 14
(Rounded to the nearest 1%)
So, the cost exceeded the budgeted cost by 14%