Refer to the exhibit.

A company issued its production budget based on an anticipated output of 800 units. Actual output was 1,000 units. The details of the costs are shown below:

The total budget variance was:

A flat letting company analyses its costs by individual property. Which of the following costs would be considered an indirect cost of the property?

A company achieves a profit/volume ratio of 25%. Sales for the month of July were £127,280 and fixed costs were £24,872.

What was the profit for the month?

Which THREE of the following costs would normally be classified as semi-variable?

A manufacturing company uses an absorption based costing system. At the start of the period they planned to make 30,000 units at a selling price of £900 per unit

Fixed overheads were expected to be £900,000. The variable cost per unit is £300.

At the end of the period actual overheads were £858,000, and 33,000 units were produced, of which 32,000 were sold.

Which of the following statements are TRUE? Select ALL that apply.

The standard labour content of one unit of ' BFC ' is $35 (7 hours paid at $5 per hour).

During period 2, 600 hours were worked at a cost of $3,300 to produce 90 units of ' BFC ' .

What was the direct labour total variance for Period 2?

Refer to the exhibit.

Each unit of product ' Yell ' uses 3 kgs of material ' X ' .

The budgeted details for July are as follows:

It is anticipated that sales of product ' Yell ' in July will be 5,000 units.

The amount of material ' X ' that needs to be purchased in July is:

Which THREE of the following statements could explain why an adverse material price variance has arisen?

In the context of short term decision making, what is a notional cost?

A product has a break-even point of 40,000 units and a margin of safety of 20%. The contribution per unit is £3.

What is the budgeted profit?