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Variance

PPri195y ago
Hello Can you please explain to me how operating statement works
John MoffatJohn MoffatTutor5y ago#1
As I do explain in Chapters 9 and 26 of our free lecture notes (and the lectures that go with them), the operating statement (or management accounting profit statement) starts with the budgeted profit (or contribution), lists all the variances, so as to end up with the actual profit (or contribution).
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