Current Attempt in Progress Crane Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Budgeted Unit Sales Price Budgeted Quantity Product A 42,600 $7 Product B 49,300 $9 During June, the company actually sold 40,300 units of Product A at an average unit selling price of $7.10 and 52,200 units of Product B at an average unit price of $8.90. Prepare a Sales Budget Report for the month of June for Crane Company which shows whether the company achieved its planned objectives. Product Line Product $ A Product Budget CRANE COMPANY Sales Budget Report For the Month Ended June 30, 2022 Actual Difference Favorable (F) Unfavorable (U) Not Applicable (NA) $ $ B Total $ $ $ Sales U F NA

Current Attempt in Progress Crane Company's master budget reflects budgeted sales information for the month of June, 2022 as follows: Budgeted Unit Sales Price Budgeted Quantity Product A 42,600 $7 Product B 49,300 $9 During June, the company actually sold 40,300 units of Product A at an average unit selling price of $7.10 and 52,200 units of Product B at an average unit price of $8.90. Prepare a Sales Budget Report for the month of June for Crane Company which shows whether the company achieved its planned objectives. Product Line Product $ A Product Budget CRANE COMPANY Sales Budget Report For the Month Ended June 30, 2022 Actual Difference Favorable (F) Unfavorable (U) Not Applicable (NA) $ $ B Total $ $ $ Sales U F NA

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pacific Company provides the following information about its budgeted and actual results for June 2019. Although the expected June volume was 25,000 units produced and sold, the company actually produced and sold 27,000 units, as detailed here.
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Exercises 1: Questions for discussion 1. Describe the items reflected in the sales budget. 2. List the items included in the production budget 3. Identify the items that comprise the operating budget Exercises 2: Word Problems Roel Trading Company presents the actual sales for the first three months of year 2019 in its own products as follows: Product B P 540,000 P 567,000 P 595,350 Product A Total Sales Janaury February March P 880,000 P 941,000 P 1,006,750 The business expects that the trends for the past three months will P 340,000 P 374,000 P 411400 continue in April and May 2019. Required: Determined the projected sales for April and May 2019 for the two products. Round the amounts to thousand pesos.
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