A company has recorded the following variances for a period:Sales volume variance $10,000 adverse Sales...
70.2K
Verified Solution
Link Copied!
Question
Accounting
A company has recorded the following variances for a period:Sales volume variance $10,000 adverse Sales price variance $5,000 favourable Total cost variance $12,000 adverse Standard profit on actual sales for the period was $120,000. What was the fixed budget profit for the period? A $137,000 B $103,000 C $110,000 D $130,000
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!