By the end of the year 2021, the company found that actual sales and costs have differed
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Question:
By the end of the year 2021, the company found that actual sales and costs have differed from the budget. The following are information regarding the actual results.
Actual | Unit | Price (RM) |
Sales | 21,000 | 60.00 |
Direct Materials | Kg | Cost |
X3T9 | 42,000 | 1.20 |
Q2J6 | 20,000 | 4.20 |
Total Materials | ||
Direct Labour | 85,000 | 3.80 |
Variable Overhead | 85,000 | 2.10 |
Prepare the income statement similar to the budgeted income statement in part (b) based on the actual results of the company.
Unit | Price | Total | Per Unit | |
Sales | ||||
Direct Materials | Kg | Cost | ||
X3T9 | ||||
Q2J6 | ||||
Total Materials | ||||
Direct Labour | ||||
Variable Overhead | ||||
Total variable | ||||
Contribution Margin | ||||
Fixed Overhead Cost | ||||
Profit |
Related Book For
Calculus Early Transcendentals
ISBN: 978-0321947345
2nd edition
Authors: William L. Briggs, Lyle Cochran, Bernard Gillett
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