Question 2 continued 2. Question 2 Parts a and b are not related. a) Supply...
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Question 2 continued 2. Question 2 Parts a and b are not related. a) Supply the missing figures in each independent company. Copy this table and complete all the missing figures. [35 marks] b) Liu Ltd produces one product only. The standard variable costs are: The standard selling price is 150 per unit. The budgeted sales volume for September was 5000 units. During September the following actual results were recorded: Required: Reconcile the actual contribution and the budgeted contribution using the following variances: - Sales price - Sales volume - Materials price and usage. - Labour rate and efficiency
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