Question

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its...

For the quarter ended March 31, 2017, Croix Company accumulates the following sales data for its newest guitar, The Edge: $322,300 budget; $304,800 actual.

In the second quarter, budgeted sales were $381,400, and actual sales were $389,000.

Prepare a static budget report for the second quarter and for the year to date.

CROIX COMPANY

Sales Budget Report
For the Quarter Ended June 30, 2017

Second Quarter

Year to Date

Product Line

Budget

Actual

Difference

Budget

Actual

Difference
Business   Accounting   
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Answer #1
CRONIX Company
Sales Budget Report
For the Quarter ended June, 2017
Second Quarter Year to date
Prodct Line Budget Actual Difference Budget Actual Difference
Newest Guitar $      381,400 $    389,000 $           7,600 $       703,700 $    693,800 $           (9,900)
Favourable Unfavourable
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