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Flexed Budget

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Flexed Budget

  • This topic has 3 replies, 2 voices, and was last updated 1 year ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • April 16, 2021 at 8:11 pm #617919
    Ashutosh770
    Participant
    • Topics: 9
    • Replies: 11
    • ☆

    sales (units) budget 120000 actual 100000

    fixed production cost 300000 290000
    fixed administration cost 360000 364000
    what does flexed budget show
    – its not the full question, i did everything right for other parts of the question but i was unable to get right answer for these two
    answer is 300000 and 360000 for flexed budget
    why answer is 300000 and 360000 is it because it is based on marginal costing , but question doesn’t
    say that how can we know that its marginal costing, the nature of fixed o/h is to stay fixed in marginal but the actual budget is different maybe it would have been because of the change in unit , could you explain that sir

    April 17, 2021 at 8:19 am #617978
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51532
    • ☆☆☆☆☆

    When we are budgeting fixed costs always stay fixed in total, by definition, regardless of the method of costing being used.

    The difference between absorption and marginal costing is only relevant when there are inventories (because the inventories are valued differently under the two methods) or when doing variance analysis. (I explain both of these in my free lectures.)

    April 17, 2021 at 11:43 am #618021
    Ashutosh770
    Participant
    • Topics: 9
    • Replies: 11
    • ☆

    thank you

    April 17, 2021 at 4:35 pm #618035
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51532
    • ☆☆☆☆☆

    You are welcome 🙂

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