For the quarter ended March 31, 2014, Maris Company accumulates the following sa

Question

For the quarter ended March 31, 2014, Maris Company accumulates the following sales data for its product, Garden-Tools: $338,800 budget; $301,800 actual. In the second quarter, budgeted sales were $383,700, and actual sales were $395,100. Prepare a static budget report for the second quarter and for the year to date.

MARIS COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2014

Second Quarter

Year to Date

Garden-Tools

Modify Show Work

MARIS COMPANY
Sales Budget Report
For the Quarter Ended June 30, 2014

Second Quarter

Year to Date

Product Line Budget Actual Difference Budget Actual Difference

Garden-Tools

$

$

$

FUN

$

$

$

FUN

Explanation / Answer

Second quarter:

Budget

Actual

Difference

383700

395100

-11400

Favorable

Year to date

Quarter

Budget

Actual

Difference

1

338800

301800

37000

2

383700

395100

-11400

Year to date

722500

696900

25600

Favorable

Since in both the cases, Budgeted figure is greater than Actual, that’s why the variance is favorable.

Budget

Actual

Difference

383700

395100

-11400

Favorable

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