You are the Management Accountant of ABS Limited. The following computer printout shows details relating to June 2017.
ABS Limited uses a standard absorption costing system. There was no opening or closing work-in-progress
Required
Prepare a statement which reconciles the budgeted profit with the actual profit for June 2017, showing individual variances in much detail. (15 marks)
View Solution
ABS Limited: Budget/actual reconciliation statement
