A certain company has budgeted $1380 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 $400, how much was the company under budget or over budget? Answers.
A) $55 under budget
B) $30 under budget
C) $30 over budget
D) $55 over budget
E) $90 over budget
The budget for 3 months is (3/12)*$1380 = $345   The company is $55 over budget.   The answer is $55 over budget.  (3/12)* 1380= 
<gadget id="calculator">  (3/12)* 1380</gadget>
<output>345</output>
$345   The company is $55 over budget.   The answer is $55 over budget.
<result>D</result>
A certain company has budgeted $1380 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 $400, how much was the company under budget or over budget?