Question
12 - 23. The management of Oasis Cookers LTD are studying the latest variance analysis results. Determine whether the financial variable is favourable or adverse.
12 - 23. The management of Oasis Cookers LTD are studying the latest variance analysis results. Determine whether the financial variable is favourable or adverse.
| Finacial Variable $000 | Budgeted Figures | Actual Results | Variance | Favourable or Adverse |
| Sales Revenue | 165 | 150 |
|
|
| Cost of Materials | 80 | 70 |
|
|
| Labour Costs | 22 | 23 |
|
|
| Gross Profit | 63 | 57 |
|
|
| Overheads | 40 | 43 |
|
|
| Net Profit | 23 | 14 |
|
|
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Horngrens Financial & Managerial Accounting, The Financial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
7th Edition
0136505279, 9780136505273
