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The standard selling price is 150 per unit. The budgeted sales volume for September was 5000 units. During September the following actual results were recorded:
The standard selling price is 150 per unit. The budgeted sales volume for September was 5000 units. During September the following actual results were recorded: Required: Reconcile the actual contribution and the budgeted contribution using the following variances: - Sales price - Sales volume - Materials price and usage. - Labour rate and efficiency. Comment on the usefulness of variance analysis for Liu Ltd [22 marks] [15 marks for the numbers and 7 marks for comments] Step by Step Solution
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
