Calculate the actual profit made in the accounting period

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Problem - Le Clerc is a business that manufactures exclusive scarves. The budgeted selling price is $12 and the budgeted variable cost is $6. The budgeted fixed cost for the relevant accounting period is $13,000. The actual sales were 15% more than the budgeted amount of 8,400. The only other relevant difference between the budget and the actual accounting figures was that the actual selling price fell by 25% from the budgeted price. Calculate the actual profit made in the relevant accounting period.

Reference no: EM132995808

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