Question

Question

Add up the flexible expenses, then select all the categories the Myerson family overspent in, according to their planned budget.

Two tables displaying information. The first table shows: Location, Amount, Expense Category. The second table shows: Expense Category and Planned Spending Amounts.

Table 1
Location: Al's Groceries - Amount: $45 - Expense Category: Groceries
Location: Shirley's Diner - Amount: $25 - Expense Category: Dining
Location: Fancy Cheese - Store Amount: $65 - Expense Category: Groceries
Location: Joel's Suits - Amount: $120 - Expense Category: Clothing
Location: Gaslight Bar & Grill - Amount: $50 - Expense Category: Dining
Location: Quik Burger - Amount: $15 - Expense Category: Dining

Table 2
Expense Category: Groceries - Planned Spending Amount: $110
Expense Category: Dining - Planned Spending Amount: $75
Expense Category: Clothing - Planned Spending Amount: $150
Responses

Clothing
Clothing

Dining
Dining

Groceries

Answer 1

To determine which categories the Myerson family overspent in, we first need to add up their actual spending in the flexible expense categories and then compare it to the planned spending amounts.

From Table 1: Actual Spending

• Groceries:

  • Al's Groceries: $45
  • Fancy Cheese Store: $65
  • Total for Groceries: $45 + $65 = $110

• Dining:

  • Shirley's Diner: $25
  • Gaslight Bar & Grill: $50
  • Quik Burger: $15
  • Total for Dining: $25 + $50 + $15 = $90

• Clothing:

  • Joel's Suits: $120
  • Total for Clothing: $120

From Table 2: Planned Spending

• Groceries: $110
• Dining: $75
• Clothing: $150

Comparing Actual Spending to Planned Spending:

• Groceries:

  • Actual: $110
  • Planned: $110
  • Difference: $0 (not overspent)

• Dining:

  • Actual: $90
  • Planned: $75
  • Difference: $15 (overspent)

• Clothing:

  • Actual: $120
  • Planned: $150
  • Difference: $30 (not overspent)

Conclusion: The Myerson family overspent in the Dining category.

So, the correct response is:

• Dining