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Flexible Budgets and Variances
1. The following information relates ABC Table Ltd, a manufacturer of tables for colleges for 2018:
Budget
Sales 44,000 units at €57 per table
Variable cost €35 per unit
Fixed costs €660,000
Actual
Sales 46,000 units at €55 each
Variable costs €37 per unit
Fixed cost €680,000
Net Profit €148,000
Required:
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