Budgeted and actual sales for a period of two products are given as follows:
|
Budgeted |
Actual |
|||||
|
Qty (kg) |
Rate (Rs.) |
Amount (Rs.) |
Qty (kg) |
Rate (Rs.) |
Amount (Rs.) |
|
|
Product P |
1,000 |
5 |
5,000 12,000 |
1,200 |
6 9 |
7,200 |
|
Product Q |
1,200 |
10 |
12,000 |
1,110 |
9 |
9,990 |
|
2,200 |
17,000 |
2,310 |
17,190 |
|||
Standard Cost per unit of product P and Q were Rs. 4 and Rs. 7, respectively.
Calculate SVVs and SMVs.