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For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $315,200 budget; $303,200 actual. In the second quarter, budgeted sales were $382,000, and actual sales were $392,700. Prepare a static budget report for the second quarter and for the year to date.

Sagot :

Tundexi

Answer:

                                       Croix Company

                                   Static budget report

                     Second quarter                                    Year to date

Product line       Budget    Actual      Diff         Budget    Actual      Diff

New guitar        382,000  392,700  10,700F   697,200  695,900 1,300 U

Explanation:

Total budgeted sales for 2020 = Sales of first quarter + Sales of second quarter

Total budgeted sales for 2020 = $315,200 + $382,000

Total budgeted sales for 2020 = $697,200

Total actual sales for 2020 = Sales of first quarter + Sales of second quarter

Total actual sales for 2020 = $303,200 + $392,700

Total actual sales for 2020 = $695,900

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