Chapter 23, Problem 23.1BPE

To determine

Budget: Budget is a report which compares, enumerates, and reports the difference between the actual costs and the estimated or planned costs. If the actual costs are more than the estimated costs, the difference is reported as over budget. If the actual costs are less than the estimated costs, the difference is reported as under budget.

To compute: Whether the S Region’s costs were over budget or under budget