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Lucid Plc had originally produced a budget on the manufacture and sale of 4,000 products. the budget is presented below: Sales 120,000 Material costs (48,000)
Lucid Plc had originally produced a budget on the manufacture and sale of 4,000 products. the budget is presented below: Sales 120,000 Material costs (48,000) Labour costs (20,000) Contribution 52,000 Fixed costs (30,000) Profit 22,000 However, the sales and marketing department have advised that the actual sales will be in the region of 3,000 units. What is the new flexed budget profit and the volume variance based on the new information? 20500 620 500 Eurabia
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