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A company uses standard marginal costing. Last month when all sales were at the standard price, the standard contribution from actual sales was $50,000 and the following variances arose:
Total variable costs variance
3,500Adv
Total fixed costs variance
1,000Fav
Sales volume contribution variance
2,000Favthe answer i got is $47,500 because $50,000-3,500+1000, is it correct tho? because based on the last doubt i asked you sir, it is the same method..
Your answer is correct ?
(Are there not answers in the same book in which you found the question? If not then you really should be using a Revision Kit from one of the ACCA approved publishers because they have answers as well as questions. There is no point in attempting questions for which you do not have answers ? )
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