20 acct questions 2

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For the quarter ended March 31, 2022, Shef�eld Company accumulates the following sales data for its newest guitar, The Edge: $346,500 budget; $335,500 actual.

In the second quarter, budgeted sales were $418,000, and actual sales were $422,400.

Prepare a static budget report for the second quarter and for the year to date.

SHEFFIELD COMPANY Sales Budget Report

Second Quarter

Product Line Budget Actual Difference

Guitar: The Edge $ $ $ $

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221 Exam 3 Ch 22-25

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