Mathematics · Cost Accounting
The budgeted contribution for HMF Co for June was $290,000. The following variances occurred during the month: - Fixed overhead expenditure variance: $6,475 Favourable - Total direct labour variance: $11,323 Favourable - Total variable overhead variance: $21,665 Adverse - Selling price variance: $21,875 Favourable - Fixed overhead volume variance: $12,500 Adverse - Sales volume variance: $36,250 Adverse - Total direct materials variance: $6,335 Adverse What was the actual contribution for the month?
- 1$327,077
- 2$321,052
- 3$258,948✓
- 4$252,923
Correct answer
$258,948
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