- This topic has 1 reply, 2 voices, and was last updated 4 years ago by
.
- Posts
What is the budgeted cost of goods sold given the following for next budget period (in $’000)? Sales 5,000; Fixed manufacturing costs 2,000; Variable manufacturing costs are 40% of sales revenue. Inventory levels are expected to remain constant.
Could you please help me with this question?
Why are you attempting a question for which you do not have an answer? You should be using a Revision Kit from one of the ACCA approved publishers – they have answers and explanations.
The variable cost is 40% x 5,000 = 2,000. The fixed cost is 2,000.
The total cost of goods sold is the total of the variable and fixed costs.I do suggest that you watch my free lectures. The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
- You must be logged in to reply to this topic.