Page 394 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 394
Chapter 15
9.1 Absorption costing operating statements
$ $ $
Budgeted profit
Sales variances: Favourable Adverse
Sale price variance
Sales profit volume variance
Actual sales minus the standard full
cost of sales
Cost variances:
Material price
Material usage
Labour rate
Idle time
Labour efficiency
Variable overhead expenditure
Variable overhead efficiency
Fixed overhead expenditure
Fixed overhead capacity
Fixed overhead efficiency
Total variances
Actual profit
386
