ACCOUTING PRIN SET LL INCLUSIVE
ACCOUTING PRIN SET LL INCLUSIVE
14th Edition
ISBN: 9781119815327
Author: Weygandt
Publisher: WILEY
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Chapter 25, Problem 1BE
To determine

Introduction: A static budget refers to the budget estimated by the management in advance to reflect the future possible activity costs and performances. It is also considered a fixed budget.

To prepare: The static budget.

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For the quarter ended March 31, 2020, Croix Company accumulates the following sales data for its newest guitar, The Edge: $329,000 budget; $301,500 actual. In second quarter, budgeted sales were $384,600, and actual sales were $387,900. Prepare a static budget report for the second quarter and for the year to date.
For the quarter ended March 31, 2022, Pharoah Company accumulates the following sales data for its product, Garden-Tools: $341,000 budgeted: $327,000 actual. Prepare a static budget report for the quarter. Product Line Garden- Tools $ Budget PHAROAH COMPANY Sales Budget Report Actual Difference Favourable Unfavourable Neither Favourable nor Unfavourab

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ACCOUTING PRIN SET LL INCLUSIVE

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