Cheatem Trading Company's master budget reflects budgeted sales information for the month of March, 2020, as follows:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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.
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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