Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please can you kindly provide a full solution by return with workings. I'm really stuck and confused. Thank you ? (d) Le Clerc is a

Please can you kindly provide a full solution by return with workings. I'm really stuck and confused. Thank you ?

image text in transcribed
(d) Le Clerc is a business that manufactures exclusive scarves. The budgeted selling price is $12 and the budgeted variable cost is $6. The budgeted fixed cost for the relevant accounting period is $13,000. The actual sales were 15% more than the budgeted amount of 8,400. The only other relevant difference between the budget and the actual accounting figures was that the actual selling price fell by 25% from the budgeted price. Required: Calculate the actual profit made in the relevant accounting period

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Accounting For Governmental And Not-for-Profit Organizations

Authors: Paul Copley

14th Edition

1260570177, 978-1260570175

More Books

Students also viewed these Accounting questions

Question

Draw a schematic diagram of I.C. engines and name the parts.

Answered: 1 week ago

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago