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How to prepare a budgetary control statement

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Reference no: EM132530674

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:

Question 1: How to prepare a Budgetary Control Statement, in a marginal costing format, showing the original fixed budget, the flexible budget, the actual results and the variances.

Reference no: EM132530674

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