Basic. A company uses standard absorption costing. The following information was recorded by the company for October:
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Basic. A company uses standard absorption costing. The following information was recorded by the company for October:
(a) The sales price variance for October was:
(i) £38500 favourable (ii) £41000 favourable (iii) £41 000 adverse (iv) £65600 adverse
(b) The sales volume profit variance for October was:
(i) £6000 adverse (ji) £6000 favourable (iii) £8000 adverse (iv) £8000 favourable
(e) The fixed overhead volume variance for October was:
(i) £2000 adverse (ii) £2200 adverse (iii) £2200 favourable (iv) £4200 adverse CIMA P1 Management Accounting: Performance Evaluation
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