Accounting · Standard Costing and Variance Analysis
A company uses marginal costing principles. The following variances occurred during the last period when the actual net profit achieved was $40,000: Materials variance: $900 adverse; Labour variance: $1,000 favourable; Overheads variance: $700 adverse; Sales price variance: $500 favourable; Sales volume contribution variance: $900 favourable. What was the budgeted net profit for the period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1$38,500
- 2$39,200✓
- 3$40,800
- 4$41,500
Correct answer
$39,200
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Accounting?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Standard Costing and Variance Analysis MCQs →Want more practice questions on Standard Costing and Variance Analysis?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Accounting · Standard Costing and Variance Analysis