ABC & Co. manufactures and sells two products M & N. The following data are available in

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ABC & Co. manufactures and sells two products M & N. The following data are available in respect of the products for the month of July. The company operates a budgetary control system.

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Cost Accounting

ISBN: 9788131732076

1st Edition

Authors: V. Rajasekaran, R. Lalitha

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Question Posted: Jun 16, 2024 04:07 AM

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ABC & Co. manufactures and sells two products M & N. The following data are available in

Question:

Budgeted sales Budgeted Sales Product Quantity Units Price Rs. Value Rs. M 500 10 5,000 N 1,000 5 5,000 10,000 Actual sales M 400 N 500 Budgeted cost per unit of each product: M- Rs. 6 N- Rs. 3 You are required to calculate all the sales variances 54 2,000 4 2,000 4,000

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Cost Accounting

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