Free BA2 Exam Braindumps (page: 2)

A company uses an integrated accounting system.

The accounting entries for the sale of goods on credit would bE.

The materials price variance will be adverse when:

CORRECT TEXT

CVP Limited manufactures a single product with a selling price of $25.60. Fixed costs are $122,880 per month and the product has a profit/volume ratio of 40%.
In a month when actual sales were $358,400, CVP's margin of safety in units was

A company operates an absorption costing system. Overheads are absorbed using a pre- determined absorption rate using labour hours. In the period actual labour hours were 10,600, 400 hours below budget. Actual overheads for the period were £234,680 and there was an under-absorption of overheads of £1,480.

What was the budgeted level of overheads?