Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Budgeted Unit Quantity Sales Price 40,000 48,000 $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows:
Product A
Product B
Budgeted
Quantity
40,000
48,000
Budgeted Unit
Sales Price
$7
$9
During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B
at an average unit price of $8.9.
Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned
objectives.
Transcribed Image Text:Clark Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Product A Product B Budgeted Quantity 40,000 48,000 Budgeted Unit Sales Price $7 $9 During June, the company actually sold 39,000 units of Product A at an average unit selling price of $7.1 and 49,600 units of Product B at an average unit price of $8.9. Prepare a Sales Budget Report for the month of June for Clark Company which shows whether the company achieved its planned objectives.
Product Line
Product A
Product B
Total Sales
$
$
Budget
CLARK COMPANY
Sales Budget Report
For the Month Ended June 30, 2022
$
Actual
$
$
Difference
Favorable (F)
Unfavorable (U)
Not Applicable (NA)
Transcribed Image Text:Product Line Product A Product B Total Sales $ $ Budget CLARK COMPANY Sales Budget Report For the Month Ended June 30, 2022 $ Actual $ $ Difference Favorable (F) Unfavorable (U) Not Applicable (NA)
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