XYZ & Co. manufactures and sells three products. It provides the following data for the month of September
Budgeted sales
Product |
Units Sold |
Selling Price Per |
Standard Profit Per |
A |
1,500 |
15 |
8 |
8 |
1,500 |
10 |
5 |
C |
1,500 |
8 |
2 |
Actual Sales
A |
1,100 units for Rs. 14,300 |
B |
1,900 units for Rs. 17,100 |
C |
3,000 units for Rs. 27,000 |
You are required to calculate the following variances on the basis of turnover.
- Sales-price variance
- Sales-volume variance
- Sales-mix variance and
- Sales-quantity variance.