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Forums › ACCA Forums › ACCA MA Management Accounting Forums › Question about standard marginal costing system
A company uses a standard costing system. the following figures are available for the last accounting period in which the profit has $124,000.
sales volume contribution variance $9,000 favourable
sales price variance $8,000 adverse
Total variable cost variance $13,000 favourable
Fixed cost expenditure variance $4,000 adverse
what has the standard profit for the actual sales in the last accounting period?
a) $125,000
b) $123,000
c) $134,000
The answer is B.