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Question: Antonio plc makes Product X, the standard

Antonio plc makes Product X, the standard costs of which are:v
Antonio plc makes Product X, the standard costs of which are:v

The budgeted output for March was 1,000 units of Product X; the actual output was 1,100 units, which was sold for £34,950. There were no inventories at the start or end of March. The actual production costs were:
Required:
 Calculate the variances for March as fully as you are able from the available information and use them to reconcile the budgeted and actual profit figures.

The budgeted output for March was 1,000 units of Product X; the actual output was 1,100 units, which was sold for £34,950. There were no inventories at the start or end of March. The actual production costs were:
Antonio plc makes Product X, the standard costs of which are:v

The budgeted output for March was 1,000 units of Product X; the actual output was 1,100 units, which was sold for £34,950. There were no inventories at the start or end of March. The actual production costs were:
Required:
 Calculate the variances for March as fully as you are able from the available information and use them to reconcile the budgeted and actual profit figures.

Required: Calculate the variances for March as fully as you are able from the available information and use them to reconcile the budgeted and actual profit figures.


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