Question 8 For the quarter ended March 31, 2014, Maris Company accumulates the f

Question

Question 8 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 Product Line Budget Actual Difference Budget Actual Difference Garden-Tools $ $ $ $ $ $ Click if you would like to Show Work for this question: Open Show Work

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

Garden tools : First quarter

Sales: Budget=$338,800; Actual=$301,800 Difference =$37,000 (U)

Second Quarter:

Sales: Budget=$383,700; Actual=$395,100 Difference =$11,400 (F)

Year to date:

Sales: Budget=$338,800+$383,700=$722,500; Actual=$301,800+$395800=$696,900

Difference =$25,600 (U)

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