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A company uses the standard marginal costing sysytem.The following details are available for the last accounting period in which the profit was $124,000
sales volume contribution variance $9,000(F)
sales price variance $8,000(A)
total variable cost variance $13,000(F)
fixed cost expenditure variance $4,000(A)what was the standard profit for the actual sales in the last accounting period?
There is no point in simply asking questions and wanting the answer.
Presumably the book in which you found the question also has an answer. You should say where you have problems understanding the answer and then I will try and help.
(If you do not have the answers because it is homework, then we are certainly not here to do your homework 🙂 )
Have you watched the free lectures on this?
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