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(This question is from the ACCA June 15 exam)
The following budgeted data for a particular period was available for a company selling two products:
Sales & VC are per unit:
Product A Sales $20 VC $8 Units 15,840
Product B Sales $24 VC $11 Units 10,560The actual results for the period were as follows:
Product A Sales $22 VC $8 Units 14,200
Product B Sales $26 VC $11 Units 12,500What is the total sales quantity contribution variance for the period?
Please – do not simply ask full questions and expect a full answer.
The ACCA publishes answers to the exams and therefore you should ask which part of the answer you do not understand. There is no point in me simply typing out the examiners answer 🙂
There are free lectures working through the whole of the June 2015 exam and explaining the answers, on this website.
You can find them by going to the main Paper F5 page and following the link to “Revision Kit Live”.Sorry John.
I did watch your lecture last night on the June exam and it helped, I was confused with the answer ACCA have published and still cannot work it out, they ended up with actual units of 16020 and 10680 none of which correspond to the actual units printed and I could not figure out how they came to those numbers as there is no working in the answer.
However having looked at your method it makes sense how it should be answered.
Thanks again
Vicki
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