Question

Q Co uses standard marginal costing. Last month the standard contribution on actual sales was $$\$ 10,000$$ and the following variances arose: $$ \begin{array}{lr} \text { Total variable costs variance } & \$ \\ \text { Sales price variance } & 2,000 \text { Adverse } \\ \text { Sales volume contribution variance } & 500 \text { Favourable } \\ 1,000 \text { Adverse } \end{array} $$ What was the actual contribution for last month? $$ \$ \square $$

   Q Co uses standard marginal costing. Last month the standard contribution on actual sales was $$\$ 10,000$$ and the following variances arose:
$$
\begin{array}{lr}
\text { Total variable costs variance } & \$ \\
\text { Sales price variance } & 2,000 \text { Adverse } \\
\text { Sales volume contribution variance } & 500 \text { Favourable } \\
1,000 \text { Adverse }
\end{array}
$$
What was the actual contribution for last month?
$$
\$ \square
$$
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ACCA FMA/FA Foundations in Accountancy-Management Accounting Interactive Text (Practice Revision Kit Not Included)
ACCA FMA/FA Foundations in Accountancy-Management Accounting Interactive Text (Practice Revision Kit Not Included)
BPP Learning Media 1st Edition
Chapter 14, Problem 16 ↓

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We are given: - Standard contribution on actual sales: \$10,000 - Total variable costs variance: \$1,000 Adverse - Sales price variance: \$2,000 Adverse - Sales volume contribution variance: \$500 Favourable  Show more…

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Q Co uses standard marginal costing. Last month the standard contribution on actual sales was $$\$ 10,000$$ and the following variances arose: $$ \begin{array}{lr} \text { Total variable costs variance } & \$ \\ \text { Sales price variance } & 2,000 \text { Adverse } \\ \text { Sales volume contribution variance } & 500 \text { Favourable } \\ 1,000 \text { Adverse } \end{array} $$ What was the actual contribution for last month? $$ \$ \square $$
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