CIMA BA2 Syllabus C. PLANNING AND CONTROL - Reconciliation of Operating Statement - Marginal Costing - Notes 8 / 9
Marginal Costing Operating Statement
Operating Statement for the period ending …….(under Marginal Costing)
| $ | ||||
| budgeted contribution | x | |||
| sales volume variance | x | f | ||
| sales price variance | (x) | a | ||
| ---- | ||||
| cost variances | $f | $a | ||
| materials price | x | |||
| material usage | x | |||
| labour rate | x | |||
| labour efficiency | x | |||
| variable overheads expenditure | x | |||
| variable overheads efficiency | x | |||
| ---- | ---- | |||
| x | x | (x) | a | |
| ---- | ||||
| actual contribution | x | |||
| fixed overheads | ||||
| budgeted fixed overheads expenditure variance | x x ---- | |||
| actual fixed overheads | (x) | |||
| ---- | ||||
| actual profit | x |
| Budgeted contribution on budgeted sales | $130,000 |
|---|---|
| Sales volume variance (F) | $20,000 |
| Budgeted contribution on actual sales | $150,000 |
| Sales price variance (A) | -$10,000 |
| All variable variances (F) | $30,000 |
| Actual contribution | ? |
Solution
= 150,000 - 10,000 - 30,000 = $170,000