Question
The Standard Budget has 10,000 units with Direct Material $30,000, Direct Labour $40,000, Other Variable Costs...
The Standard Budget has 10,000 units with Direct Material $30,000, Direct Labour $40,000, Other Variable Costs $10,000, Fixed Costs $70,000 and Profit of $10,000. The number of units actually sold was 12,000. What is the Profit in the Flexible Budget at Standard Prices?
1) $26,000
2) $10,000
3) $12,000
4) $22,000
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Answer #1
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