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A company uses standard marginal costing. Last month the standard contribution on actual sales was $10,000 and the following variances arose:
Total variable costs variance 2,000 Adverse
Sales price variance 500 Favourable
Sales volume contribution variance 1,000 Adverse
What was the actual contribution for last month?
A $7,000
B $7,500
C $8,000
D $8,500
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