The Nomis Co. Ltd sells four standard products. At the end of March 1984 the following data was available for that month:

Product Budget Actual unit price quantity total value quantity £ (units) £ (units)
A 20 2,000 45,980 2,200 Β 6 1,400 7,440 1,200 C 8 1,600 13,680 1,800 D 2 1,000 1,000 500 Required:
Calculate and explain the significance of the sales price, volume and mix variances for March 1984.

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Product Budget unit price quantity total value quantity Actual (units) (units) 2682 ABCD 20 2,000 45,980 2,200 1,400 7,440 1,200 1,600 13,680 1,800 1,000 1,000 500