Evaluate the usefulness of static budget reports For the quarter ended March 31,
ID: 2468893 • Letter: E
Question
Evaluate the usefulness of static budget reports
For the quarter ended March 31, 2012, Maris Company accumulates the following sales data for its product, Garden-Tools: $321,700 budget; $336,200 actual.
Prepare a static budget report for the quarter.
MARIS COMPANY
Sales Budget Report
For the Quarter Ended March 31, 2012
Product Line
Budget
Actual
Difference
Garden-Tools
$
$
$
FavorableUnfavorableNeither favorable nor unfavorable
MARIS COMPANY
Sales Budget Report
For the Quarter Ended March 31, 2012
Product Line
Budget
Actual
Difference
Garden-Tools
$
$
$
FavorableUnfavorableNeither favorable nor unfavorable
Explanation / Answer
Sales Budget Variance / Sales Value Variance = Actual Sales - Budgeted Variance
= 336200 - 321700
= 14500 (F)
Conclusion:- $ 14500 Favourable.
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.