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The budgeted and actual results of Crunch Co for September were as follows. The company uses a marginal costing system. There were no opening or
The budgeted and actual results of Crunch Co for September were as follows. The company uses a marginal costing system. There were no opening or closing stocks. Fixed budget Actual Sales and production 1,000 units 700 units 20,000 14,200 Sales Variable cost of sales Direct materials Direct labour Variable overhead 8,000 4,000 2,000 5,200 3,100 1,500 Contribution Fixed costs Profit/(loss) 14,000 6,000 5,000 1,000 9,800 4,400 5,400 (1,000)
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