Yellow Incorporated prepared the following budget at the beginning of the financial year: Budget production and...

 

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Yellow Incorporated prepared the following budget at the beginning of the financial year: Budget production and sales in units 10 000 R Sales Direct materials Direct labour Variable overheads Fixed overheads Budget profit Actual results for the year: Actual production and sales in units R Sales Direct materials Direct labour Variable overheads Fixed overheads Actual profit Required: 4.1 4.2 900 000 300 000 200 000 100 000 200 000 100 000 957 000 341 000 209 000 122 000 190 000 95 000 11 000 Prepare the statement of budget versus actual performance. Explain the financial results calculated Yellow Incorporated prepared the following budget at the beginning of the financial year: Budget production and sales in units 10 000 R Sales Direct materials Direct labour Variable overheads Fixed overheads Budget profit Actual results for the year: Actual production and sales in units R Sales Direct materials Direct labour Variable overheads Fixed overheads Actual profit Required: 4.1 4.2 900 000 300 000 200 000 100 000 200 000 100 000 957 000 341 000 209 000 122 000 190 000 95 000 11 000 Prepare the statement of budget versus actual performance. Explain the financial results calculated

Answer rating: 100% (QA)

41 Statement of budget versus actual performance Particulars Budget R Actual R Variance R Sales 900000 957000 57000 Direct materials 300000 341000 410... View the full answer