The Morningside Company Ltd had the following results for the year to 31 December 2017. A single
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The Morningside Company Ltd had the following results for the year to 31 December 2017. A single product – a woggley – was made by the company.
The standard cost of manufacturing each unit was £2.20.
What are the price and volume variances on sales in 2017?
Transcribed Image Text:
Sales in units Sales in £ Budget 140,000 350,000 Actual 168,000 403,200
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Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9781292085050
13th Edition
Authors: Frank Wood, Alan Sangster
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