A company produces 3 products with the following budget information available:
A B C
Sales GH₵14GH₵15GH₵18
Standard full cost GH₵10GH₵10GH₵13
Budget Production 10,000 units 13,000 units 9,000 units
The actual sales price and production were:
A B C
Sales price GH₵14.5GH₵15.15GH₵19.00
Budget production 9,500units 13,500units 8,500units
You are required to calculate:
i. The sales price variance.
ii. The sales volume profit variance.
iii. The sales mix variance profit.
iv. The sales quantity profit volume variance.