A company uses standard marginal costing. Last month, when all sales were at the standard selling price, the standard contribution from actual sales was $85,600 and the following variances arose: Total variable costs variance $12,600 Adverse Total fixed costs variance $10,500 Favourable Sales volume contribution variance $20,500 Favourable What was the Actual contribution for last month? a. b. C. d. $83,000 $62,500 $73,000 $93,000

A company uses standard marginal costing. Last month, when all sales were at the standard selling price, the standard contribution from actual sales was $85,600 and the following variances arose: Total variable costs variance $12,600 Adverse Total fixed costs variance $10,500 Favourable Sales volume contribution variance $20,500 Favourable What was the Actual contribution for last month? a. b. C. d. $83,000 $62,500 $73,000 $93,000

Name: A company uses standard marginal costing. Last month, when all sales
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Description: A company uses standard marginal costing. Last month, when all sales were atthe standard selling price, the standard contribution from actualsales was $85,600 and the following variances arose:Total variable costs variance $12,600 AdverseTotal fixed

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5EA: Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The...

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