XYZ & Co. manufactures and sells three products. It provides the following data for the month of September

Budgeted sales

Product

Units Sold
(Units)

Selling Price Per
Unit (Rs.)

Standard Profit Per
Unit (Fs.)

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.

  1. Sales-price variance
  2. Sales-volume variance
  3. Sales-mix variance and
  4. Sales-quantity variance.