Accounting · Cost Accounting

A company uses a standard absorption costing system. The following figures are available for the last accounting period in which the actual profit was $108,000: - Sales volume profit variance: $6,000 adverse - Sales price variance: $5,000 favourable - Total variable cost variance: $7,000 adverse - Fixed cost expenditure variance: $3,000 favourable - Fixed cost volume variance: $2,000 adverse What was the standard profit for actual sales in the last accounting period?