The budgeted and actual results of Monster Company Limited for September 2015 were as follows: The...

  

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The budgeted and actual results of Monster Company Limited for September 2015 were as follows: The company uses marginal costing system. There were no opening or closing inventories Sales / Production Sales Variable cost of sales Direct material Direct Labor Variable overheads Fixed Budget 1,000 Units C € 30,000 C 10,000 5,000 3,000 18,000 Actual Results 700 Units 12,000 10,000 2,000 € 21,200 6,600 3,800 2,200 12,600 Contribution Less fixed cost Net Profit / Loss Required Prepare a budget that will be useful for management control purpose and briefly comment on the company's performance in September 2015. 8,600 10,400 (1,800) The budgeted and actual results of Monster Company Limited for September 2015 were as follows: The company uses marginal costing system. There were no opening or closing inventories Sales / Production Sales Variable cost of sales Direct material Direct Labor Variable overheads Fixed Budget 1,000 Units C € 30,000 C 10,000 5,000 3,000 18,000 Actual Results 700 Units 12,000 10,000 2,000 € 21,200 6,600 3,800 2,200 12,600 Contribution Less fixed cost Net Profit / Loss Required Prepare a budget that will be useful for management control purpose and briefly comment on the company's performance in September 2015. 8,600 10,400 (1,800)

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