Page 395 - F2 - MA Integrated Workbook STUDENT 2018-19
P. 395
Standard costing
9.2 Marginal costing operating statements
$ $ $
Budgeted profit
Add: Budgeted fixed overheads
Budgeted contribution
Sales variances: Favourable Adverse
Sales price variance
Sales contribution volume variance
Actual sales minus the standard
marginal cost of sales
Cost variances
Material price
Material usage
Labour rate
Idle time
Labour efficiency
Variable overhead expenditure
Variable overhead efficiency
Total of variable cost variances
Actual contribution
Budgeted fixed overhead
Fixed overhead expenditure
Actual fixed cost
Actual profit
387
