CIMA Management Accounting P1 Question # 60 Topic 7 Discussion

CIMA Management Accounting P1 Question # 60 Topic 7 Discussion

P1 Exam Topic 7 Question 60 Discussion:
Question #: 60
Topic #: 7

GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:

P1 Question 60

Prepare a statement that reconciles the budgeted contribution with the actual contribution for October. Your statement should show the variances in as much detail as possible.

What was the actual contribution for October?


A.

$ 1,324,000


B.

$ 1,414,000


C.

$ 1,594,000


D.

$ 1,494,000


E.

$ 1,198,000


Get Premium P1 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.