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A company uses standard marginal costing. last month the budgeted contribution was $20,000 and the only variances that occurred were as follows:
sales price – $3000 adverse
sales volume contribution – $5000 favourable
fixed overhead expenditure -$1000 adversewhat was the actual contribution last month?
There is no point in setting me test questions and expecting me to provide an answer.
Unless you were set this as a test, you must have an answer in the same book in which you found the question. You should ask about whatever it is in the answer that you are not clear about and then I will help you.
I assume that you have watched my free lectures? The lectures are a complete free course for Paper F2 and cover everything needed to be able to pass the exam well.
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