A company uses standard marginal costing. Last month, when all sales were at the standard selling price, the standard contribution from actual sales was $85,600 and the following variances arose: Total variable costs variance $12,600 Adverse Total fixed costs variance $10,500 Favourable Sales volume contribution variance $20,500 Favourable What was the Actual contribution for last month? a. b. C. d. $83,000 $62,500 $73,000 $93,000

A company uses standard marginal costing. Last month, when all sales were at the standard selling price, the standard contribution from actual sales was $85,600 and the following variances arose: Total variable costs variance $12,600 Adverse Total fixed costs variance $10,500 Favourable Sales volume contribution variance $20,500 Favourable What was the Actual contribution for last month? a. b. C. d. $83,000 $62,500 $73,000 $93,000

Name: A company uses standard marginal costing. Last month, when all sales
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Description: A company uses standard marginal costing. Last month, when all sales were atthe standard selling price, the standard contribution from actualsales was $85,600 and the following variances arose:Total variable costs variance $12,600 AdverseTotal fixed

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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