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Practice Question n 2 Chapter 14

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Practice Question n 2 Chapter 14

  • This topic has 3 replies, 2 voices, and was last updated 7 years ago by John Moffat.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • November 4, 2015 at 6:50 pm #280520
    gabbi08
    Member
    • Topics: 135
    • Replies: 181
    • ☆☆☆

    Dear Sir,

    Could you please help me to understand where I made mistake if my answer is not correct?

    A company has a budget to sell 7000 units of product X at selling price of $30 per unit and 3000 unit of product Y at selling price of $40.
    The standard contribution per unit is 30% of selling price for both products. They actually sell 8000 units of X and 7000 unit of Y

    What is qty contribution variances.

    My answer is $49,500 (F)

    Actual tot qty 15000 units
    Budged tot qty 10000 units
    5000 (F)

    Average contribution

    7000 * ( 30%of 30) 63,000
    3000 * (30%of 40) 36,000
    99,000/10,000 = 9,9 *5000 = 49,500

    The answer provided in the question is 48,500 (F)

    Thanks in advance for your help
    Gabriella

    November 4, 2015 at 8:24 pm #280535
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51532
    • ☆☆☆☆☆

    It is a typing error and the correct answer is $49,500 favourable.

    If you look at the answer at the end of the lecture notes then it does explain that it is $49,500 favourable!

    You asked the same thing before and I gave you the same reply 🙂

    November 4, 2015 at 9:29 pm #280541
    gabbi08
    Member
    • Topics: 135
    • Replies: 181
    • ☆☆☆

    Hi Sir,

    49,500 (F) is the answer that I got.I didn ‘t know that the answer were at the end of lecture note.

    I don’t remember I had already asked the same question, if I did sorry.
    Thanks for your reply

    Gabriella

    November 6, 2015 at 3:36 pm #280831
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 51532
    • ☆☆☆☆☆

    It is no problem, and you are welcome 🙂

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