A firm uses standard absorption costing. The following variances occurred last period: • Sales volume profit: $10,100 Adverse • Sales price: $4,200 Favourable • Material price: $2,300 Favourable • Labour efficiency: $500 Adverse • Fixed overhead expenditure: $1,800 Adverse • Fixed overhead volume: $2,000 Adverse • Fixed overhead capacity: $1,500 Favourable • Fixed overhead efficiency: $3,500 Adverse The standard profit from actual sales for the period was $240,000. What was the actual profit for the period?

A company uses standard marginal costing to monitor performance. The budgeted profit and budgeted fixed overhead for a month were $25,000 and $12,000 respectively. In that month, the following variances occurred: • Sales volume contribution: $1,000 Adverse • Sales price: $2,000 Favourable • Total variable costs: $4,000 Adverse • Fixed production overhead expenditure: $500 Adverse What was the actual profit for the month?

A firm uses standard marginal costing. Last period, the following results were recorded: • Actual sales units: 5,000 • Standard contribution per unit: $60 • Sales price variance: $5,000 Adverse • Sales volume contribution variance: $8,000 Favourable Assuming no other variances arose last period, what was the actual contribution for the period?