Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A company uses marginal costing. The following variances occurred in the last period when the actual net profit was $80,000. Material $1800 adverse Labour $2000
A company uses marginal costing. The following variances occurred in the last period when the actual net profit was $80,000.
| Material | $1800 adverse |
| Labour | $2000 Favourable |
| Overheads | $1400 adverse |
| Sales Price | $1000 Favourable |
| Sales Volume Contribution | $1800 Favourable |
What was the budgeted net profit for the last period?
a.
$81,600
b.
$83,000
c.
$77,000
d.
$78,400
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
HRD Score Card 2500 Based On HRD Audit
Authors: T V Rao
1st Edition
8178298368, 978-8178298368
