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Hie Sir I need your help
Q1.Budgeted output is 15,000 units,and budgeted contribution is $12 per unit. Budgeted profit is $120,000, and Budgeted variable costs are equal to Budgeted fixed costs.
What is the Budgeted selling price per unit?
Am getting $96 i don’t think it’s correctQ2.A statement relating to responsibility accounting
The concept of responsibility accounting cannot be applied in variance reporting is this true or false?
Why are you attempting questions 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!
Q1 The total budgeted contribution is 15,000 x $12 = 180,000. Therefore the total fixed costs are 180,000 – 120,000 = $60,000.
Since the total variable costs are therefore also equal to $60,000, the total budgeted sales must be 180,000 + 60,000 = $240,000.
Therefore the budgeted selling price is 240,000/15,000 = $16 per unit.Q2 The statement is false. The manager responsible for the each individual variance is accountable for that variance.
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