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

D Ltd operates a total absorption costing system. The budgeted fixed overheads for the year were $175,000 and the budgeted production was 5,000 units. During the year, the actual fixed overheads incurred were $186,000 and the actual production achieved was 6,000 units. What is the over- or under-absorption of fixed overheads?

A company uses an absorption costing system. Last month the actual profit was $500,000. The variances recorded for the month were: - Sales volume variance: $10,000 adverse - Fixed production overhead capacity variance: $30,000 favourable - Fixed production overhead efficiency variance: $40,000 adverse - Fixed production overhead expenditure variance: $50,000 favourable - Direct labour efficiency variance: $15,000 adverse What was the budgeted profit for last month?