MAF2

Syllabus E3b. Budgeted and Actual Profit 7 / 7

i) Actual or standard figures where the variances are given.

D3. Reconciliation of budgeted and actual profit
a) Reconcile budgeted profit with actual profit under standard absorption costing. 
b) Reconcile budgeted profit or contribution under standard marginal costing.
Budgeted and Actual Profit