Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following information is available for Company ABC in the current reporting period: Budget: Contribution: RUB 1,8 Sales volume: 12 500 units Fixed overhead: RUB

The following information is available for Company ABC in the current reporting period:

Budget:

Contribution: RUB 1,8

Sales volume: 12 500 units

Fixed overhead: RUB 2000

Actual sales

Sales volume: 12 800 units

Variances RUB

Sales price variance 600 (A)

Sales volume contribution variance 540 (F)

Materials price 60 (A)

Wages rate 40 (A)

Material usage 160 (A)

Labour efficiency 120 (F)

Fixed overhead expenditure variance 200 (F)

Calculate actual profit for the period

(A) - Adverse; (F) - Favourable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago