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John Moffat.
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idris29
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A company has recorded the following variances for a period:
Sales variance $10,000 adverse
Sales price variance $5,000 favorable
Total cost variance $12,000 adverse.What was the fixed budget profit for the period?
John Moffat
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Either you have not typed out the whole question or there is a typing mistake in whichever book you are using.
There is not enough information to be able to calculate the original fixed budget profit!!
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