Cheatem Trading Company's master budget reflects budgeted sales information for the month of March, 2020, as follows:
Cheatem Trading Company's master budget reflects budgeted sales information for the month of March, 2020, as follows:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Cheatem Trading Company's master budget reflects budgeted sales information for
the month of March, 2020, as follows:
Budgeted Quantity
35,000 kilograms
20,000 kilograms
Budgeted Unit Sales Price
Baking potatoes
Boiling potatoes
$0.75
per kilogram
$0.30 per kilogram
During March, the company actually sold 37,000 kilograms of baking potatoes at an
average price of $0.73 per kilogram and 17,000 kilograms of boiling potatoes at an
average price of $0.32 per kilogram.
Instructions
Prepare a Sales Budget Report for the month of March for Cheatem Trading
Company which shows whether the company achieved its planned objectives.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F354690be-5046-478b-acdb-02c62dd239f4%2F908b5017-c6f8-4ce3-9c05-85eaf0900ae3%2Ftynsybk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cheatem Trading Company's master budget reflects budgeted sales information for
the month of March, 2020, as follows:
Budgeted Quantity
35,000 kilograms
20,000 kilograms
Budgeted Unit Sales Price
Baking potatoes
Boiling potatoes
$0.75
per kilogram
$0.30 per kilogram
During March, the company actually sold 37,000 kilograms of baking potatoes at an
average price of $0.73 per kilogram and 17,000 kilograms of boiling potatoes at an
average price of $0.32 per kilogram.
Instructions
Prepare a Sales Budget Report for the month of March for Cheatem Trading
Company which shows whether the company achieved its planned objectives.
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