Mathematics · Standard Costing - Contribution Variances
Hat Co uses standard marginal costing. Last month, the standard contribution on actual sales was $40,000, and the following variances arose: - Sales price variance: $1,000 Favourable - Sales volume contribution variance: $3,500 Adverse - Fixed overhead expenditure variance: $2,000 Adverse There were no variable cost variances last month. What was the actual contribution for last month?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1$39,000
- 2$37,500
- 3$41,000✓
- 4$35,500
Correct answer
$41,000
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