For the quarter ended March 31, 2014, Maris Company accumulates the following sales data for its product, Garden-Tools: $334,300 budget; $305,700 actual. In the second quarter, budgeted sales were $382,300, and actual sales were $387,600. Prepare a static budget report for the second quarter and for the year to date.

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Business

Ernie

10 July, 08:10

For the quarter ended March 31, 2014, Maris Company accumulates the following sales data for its product, Garden-Tools: $334,300 budget; $305,700 actual. In the second quarter, budgeted sales were $382,300, and actual sales were $387,600. Prepare a static budget report for the second quarter and for the year to date.

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Averi Leblanc · Answer 1

The preparation of ta static budget report for the second quarter is shown below:

Maris Company

Sales Budget Report

For the Quarter Ended June 30, 2017

Second Quarter Year to date

Product Line Budget Actual Difference Budget Actual Difference

Garden Tools $334,300 $382,300 $48,000 $716,600 $693,300 $23,300

Favorable Unfavorable

The year to date balances are computed below:

For Budget:

= $334,300 + $382,300

= $716,600

For Actual:

= $305,700 + $387,600

= $693,300