ABC & Co. manufactures and sells two products M & N. The following data are available in respect of the products for the month of July. The company operates a budgetary control system.

Budgeted sales

Product

Quantity Units

Budgeted Sales
Price Rs.

Value Rs.

M

N

500

1,000

10
5

5,000
5,000

10,000

Actual sales

M

400

5

2,000

N

500

4

2,000

4,000

Budgeted cost per unit of each product:

M – Rs. 6

N – Rs. 3

You are required to calculate all the sales variances.